B2C2, a cryptocurrency liquidity supplier centered in London, has hired Rob Catalanello, a 25-year veteran of Wall Avenue, to direct its growth into the U.S.
Catalanello has held senior positions at the New York business office of French financial institution Credit history Agricole, the place he was the head of preset-earnings revenue, and at Merrill Lynch (now portion of Lender of The usa), the place he ran international trade (Fx) revenue. Previously, he labored at Goldman Sachs and JPMorgan.
He also provides regulatory chops, having served nine a long time on the Fx marketplaces committee of the Federal Reserve Lender of New York. Even though at Credit history Agricole, Catalanello assisted the financial institution get into compliance with the U.S. Dodd-Frank Act and the European Union’s Markets in Money Instruments Directive (MiFID).
Catalanello told CoinDesk that B2C2 is using “a very conservative approach” and securing the ideal regulatory authorizations prior to it starts accomplishing business enterprise in the U.S.
“We have submitted our FinCEN application and hope to be all set to commence working with clients by the end of April,” he said.
B2C2’s U.S. business office will be found in Jersey Town, New Jersey, throughout the river from New York’s monetary district, “until [we] determine the licenses for which we will ultimately utilize,” Catalanello additional.
Suitable now, he is the only U.S. worker, “but we are geared up to include team as the business enterprise grows,” Catalanello said. “In the meantime, we will support our shoppers on a 24-hour foundation … with protection from our international community in London and Tokyo.”
Max Boonen, B2C2’s founder and CEO, said in a press release that Catalanello’s “monetary industry know-how obtained at key financial investment banking institutions will be instrumental in increasing our customer franchise to the U.S. industry.”
Catalanello praised his new employer in the release for staying the 1st in the cryptocurrency sector to introduce a “single-vendor platform,” this means an digital interface for over-the-counter (OTC) buying and selling, 3 a long time ago. Even though these portals are normal in the traditional monetary marketplaces, to this day some OTC crypto desks continue to negotiate trades with shoppers by Skype or chat.
B2C2 “will continue to carry Fx industry know-how and most effective tactics to the electronic asset class,” he additional.
Max Boonen at Consensus: Commit 2017, graphic via CoinDesk archives