Tradewind has secured its first-ever Chief Executive Officer (CEO), Michael Albanese, a former senior executive from JPMorgan, the company announced this Tuesday.
Albanese joins the blockchain-powered marketplace for precious metals with more than two decades of experience at major financial institutions, with 15 of those years spent at JPMorgan.
At Tradewind, he will be responsible for the day-to-day leadership of the company, effective immediately. He will also utilize his experience with market infrastructure and leadership experience to expand the firm’s product offering and client base, the statement said.
Commenting on the appointment, Blake Darcy, Executive Chairman of Tradewind said: “Michael is a leader with significant experience working with corporations, creating capital-efficient products, operating at scale, and delivering value to shareholders.
How to Prepare for CySEC’s New Tiered LeverageGo to article >>
“The Board and I are confident that he is the right person to take Tradewind to the next level in our global pursuit of a more efficient, transparent, secure and cost-effective precious metals ecosystem.”
Michael Albanese Leaves JPMorgan After 15 Years
Most recently, Albanese was the Global Head of Agency Collateral Management at JPMorgan. In this role, he helped financial institutions manage collateral by improving the end investor experience as well as help broker-dealers diversify their funding sources and reduce transaction costs.
During his career, he has also worked as JPMorgan’s Global Head of Securities Clearance and Head of the Corporate Trust business in Japan. Michael began his career in 1995 at Credit Suisse, where he spent eight years before moving on to JPMorgan, his LinkedIn states.
“Clear opportunities exist to improve how physical assets trade, settle, are custodied, and are mobilized as collateral—both in the precious metals space and beyond,” added Michael Albanese.
“Smart deployment of technology can benefit multiple participants in the ecosystem. I am excited to join a company that has already successfully executed on a major asset class.”