Experienced Crypto CFO with 2+ years of experience in crypto and 25+ years of success designing, implementing and directing accounting and financial operations. A visionary, results focused and hands-on leader with a ‘big picture’ focus. Delivers accurate, relevant, and timely management reporting in information critical environments. Consistently adds value and exceeds targeted expectations. Improves business processes by leveraging intuitive business judgment and in-depth knowledge of accounting, regulatory compliance, clearing, and banking functions. Invigorates performance, improves efficiencies, lowers costs and maximizes shareholder value by designing and implementing innovative strategies. Motivates high-performance teams, and cultivates effective working relationships with key stakeholders, including the Board of Directors, banks, attorneys, clearing firms, exchanges, and third-party vendors. Strong written and communication skills, team player and mentor.
Most recent experience at a Crypto institutional trading platform; Post Trade Settlement Utility for execution platforms providing storage & settlement for Digital Assets; Regulated Money Transmitter as well as a leading electronic market making firm/broker dealer, providing liquidity in the futures, equities, foreign currency (FX) and treasury markets.
Directed budgeting, forecasting, financial planning and analysis FP&A, financial accounting, regulatory reporting, tax matters, treasury operations, and all general accounting functions.
Secured banking relationships and $25 million unsecured line of credit used for trading and regulatory capital providing additional leverage for the firm.
Chief Financial Officer
May 2018 – Present
FinTech Startup - Institutional trading platform for Digital Assets (Crypto Currencies); Post Trade Settlement Utility for execution platforms providing storage & settlement for Digital Assets; Regulated Money Transmitter.
Served as a key member of the senior management team setting strategic direction, establishing priorities, and implementing critical action plans to achieve goals. Reporting directly to the CEO. Other tasks included budgeting, financial forecasting, financial analysis, managerial and financial accounting, tax & audit matters, treasury function, contract negotiation, banking relationships, vendor relationships, facilities management, data analysis.
Implemented accounting procedures and policies for multiple entities with regulatory oversight from FINRA/SEC/CFTC/NFA and individual states.
Obtained strategic banking relationships with Silvergate Bank and Signature Bank used to extend the daily settlement process and treasury function from (9:00 am ET – 5:00 pm ET 5 days a week) to (24 hours – 7 days a week), which attracted new customers and provided growth for the post trade settlement service.
Secured strategic credit facilities with Data Sales and CDW used to obtain network equipment (servers, switches, routers, firewalls, communications) and software (SolarWinds and VMware) allowing the firm to build its network infrastructure at its datacenters.
Structured and implemented improved health and employee benefits used to retain current employees and attract new employees.
Created financial damage analyses for loss profit determination. Managed large and complex data sets and performed investigative data work. Developed strategic roadmap in support of next growth phase.
Assessed profitability of complex financial transactions and investments
In combination with leadership, established and tracked Key Performance Indicators (KPIs)
Chief Financial Officer
Aug 2013 – June 2017
Privately owned high frequency propriety trading firm and family office.
Directed budgeting, forecasting, financial planning and analysis FP&A, financial accounting, regulatory reporting, tax matters, treasury operations, and all general accounting functions for the proprietary trading operation and the family office.
Recruited and hired +30 new trading groups and managed existing trading groups and account traders diversifying firm portfolio and increasing firm revenue by 30%.
Automated the daily management report by programming the download all clearing firm reports to a single database and extracting the information to the various reports. Designed the process to automate the reconciliation of the trading activity and firm positions enabling firm to execute thousands of transactions daily, without adding additional support staff.
Secured and Managed a strategic network of trading firms, market data vendors and trading platform vendors allowing the firm to expand operations and attract trading groups and managed accounts. Built partnerships with local and national organizations.