San Juan Mercantile Bank & Trust International (SJMBT), a Puerto Rico-based startup catering to cryptocurrency traders, has lured FX industry veteran Joe Conlan to take on the role of its managing director of sales.
Joe joins the blockchain-focused firm barely a few weeks after he parted ways with Currency Mountain, where he worked as head of sales, Finance Magnates reported exclusively in January.
During his short stint with New York-based Currency Mountain, he helped expand the group’s portfolio of products which spans several financial services companies. Currency Mountain owns and operates brands like retail FX broker FXDD, trading technology firm Forexware, analytics company TraderMade, and cryptocurrency firm Nukkleus Capital.
Prior to that, Conlan spent over a decade working at INTL FCStone. He joined the financial services giant as Global Head of FX Sales in 2007 from AM Rosenthal, and also had stints at Currenex, Integral Development, CME, Cognotec and EBS.
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Crossing over crypto camp
Conlan’s career in the FX industry dates back to 1994, where he originally served in EBS Dealing Solutions’ sales team. He spent four years with the commodities and FX trading technology provider before moving on to Congnotec – another trading solutions provider.
Joe joins the list of FX veterans that have crossed over to the crypto camp, including Justin Hertzberg who has been appointed as the first CEO of Liquid Financial USA Inc., the US arm of Japanese cryptocurrency platform Liquid.com. Since 2013, Mr. Hertzberg has been serving as CEO of US-based global introducing broker Forest Park FX, a position he maintains alongside his new foray into the crypto space.
Conlan’s new destination is the subsidiary of cryptocurrency trading platform San Juan Mercantile Exchange, which was recently established to perform banking operations in Puerto Rico. The venture has recently obtained its banking license from Puerto Rican regulators in March 2019.
SJMX and its banking entity SJMBT are developing settlement services for both cryptocurrencies and fiat currency trading.