Overstock.com’s blockchain subsidiary tZero today revealed several appointments to its executive management team, including Brooke Navarro as Head of Issuance, Michael Mougias as Head of Investor Relations and Alexandra Sotiropoulos who is joining as Head of Communications.
Formerly a managing director in investment banking at Barclays, Navarro has been in the financial business for more than 17 years, holding a variety of senior positions across firms operating in capital markets, financial advisory, and technology.
In her new capacity, she will focus on the supply-side of the equation, working with tZero’s broker-dealer affiliates and partners to acquire clients who are interested both in raising capital through STO or tokenizing their existing cap to create secondary liquidity venues.
Meanwhile, Mougias will tap into his one-decade experience to lead tZERO’s investor relations strategy. Most recently, he served as Head of Investor Relations at IMAX Corporation, where he ran investor relations for its NYSE and HKSE listed entities.
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A full-blown bet on cryptocurrency
tZero expands the offering as the firm is getting ready to sweeten its soon-to-be-launched broker-dealer arm. tZero’s anticipated retail brokerage services include sales trading, electronic execution, and portfolio execution for buy- and sell-side clients.
tZERO hopes to launch its own retail broker-dealer within the coming months to grab the capacity to serve retail traders instead of only accredited investors.
Overstock is a prominent US online retailer that also runs multiple blockchain-oriented startups. The company made headlines earlier this year after announcing it would pay a portion of its business taxes in Ohio in Bitcoin, as the Amazon rival continues to make way for a full-blown bet on cryptocurrency.
Commenting on the news, tZERO CEO Saum Noursalehi said, “Mike and Alex will spearhead our efforts to continue to develop strategic market positioning for tZERO and engage with current and prospective investors, analysts, media and other tZERO stakeholders. These newly formed roles at tZERO round out the management team and are key to ensuring our continued success.”