BlockFi, a crypto asset service provider, recently announced that it has secured a new Chief Financial Officer, with the company appointing Tony Lauro to the top financial role in the company.
According to the statement from the company on Tuesday, Lauro will focus on expanding the company’s product and service portfolio, while also growing the company’s global presence.
Furthermore, the appointment of Lauro also represents where the company is in its development, as the company grows into a more established financial institution. As the CFO, he will lead the company’s efforts to become a mainstream financial service provider for clients wanting to grow their wealth.
Speaking on his new role, Lauro said in the statement: “BlockFi is doing extraordinary work in bringing crypto to a wider audience of investors. The company is adding greater efficiencies to the flow of capital, and providing critical financial services for the fast-growing crypto market.
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“I’m thrilled at the opportunity to work with Zac again, and to help BlockFi realize its tremendous potential while strengthening the company’s standing as a leader in the digital asset space.”
Tony Lauro Joins BlockFi from Intermex
Lauro brings almost 30 years of experience in financial services, technology and communication. Moreover, he has spent nearly two decades of his career in CFO roles, his LinkedIn shows.
Namely, Lauro was the CFO for JPMorgan Chase Commerce Solutions, a role that he held for nearly three years before leaving in May of 2016. Most recently, he was the CFO of Intermex Wire Transfer, LLC, a wire transfer and money services provider.
During his career, he was the President and CFO of Cognical, Inc. During his time there, Lauro worked alongside BlockFi Founder & CEO Zac Prince. Earlier, he held various CFO roles at the Royal Bank of Scotland, Citizens Bank, and Capital One Financial.
“We’re excited to welcome Tony to the BlockFi team,” added Prince, the CEO of BlockFi, in the statement. “His wealth of experience across financial services will be a strategic asset for BlockFi as we continue to grow rapidly and expand our product suite.”