On July 17th 2019, tZERO announced the appointment of several new managerial heads including its Head of Issuance, Head of Investor Relations, and Head of Communications. The new employees bring notable experiences from the likes of Barclays, IMAX, and Intermarket.
The Continued Growth and Development of tZERO Explained
Effective July 15th 2019, tZERO has several new management executives.
Brooke Navarro, a former Managing Director in Investment Banking at Barclays, is now Head of Issuance. At Barclays, Navarro helped lead the Technology, Media, and Telecom Equity Capital Markets team. In this role, she reportedly helped raise over $35 billion in capital.
Michael Mougias, a former Head of Investor Relations at IMAX will now serve as Head of Investor Relations. When working with IMAX, Mougias ran investor relations for the company’s NYSE and HKSE listed entities.
Alexandra Sotiropoulos, who previously worked with clients in the domains of FinTech, investment banking, and broker-dealers at Intermarket, will now oversee tZERO’s communications function.
tZERO CEO Saum Noursalehi says the new hires play a strategic role in the further development of the company:
“These appointments are vital to our long-term strategy. On the issuance front, Brooke will drive strategic development of our security token ecosystem by focusing on the supply-side of the equation — working with issuers to bring more quality assets to the PRO Securities ATS. 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. I am proud of the milestones that we have achieved already this year and look forward to what will be achieved through the acquisition of such strong talent.”
The tZERO Security Token Platform Explained
Founded in 2014, tZERO is a majority owned subsidiary of Overstock.com.
The platform aims to facilitate the trading of security tokens, which include regulated financial securities that leverage the benefits of blockchain technology.
In recent headlines, the company launched the ‘tZERO Crypto App’. The new app allows users to trade cryptocurrencies such as Bitcoin and Ether.
tZERO also recently announced a deal involving the tokenization of a major motion film, ‘Atari: Fistful of Quarters’.
In a recent letter to shareholders, Overstock.com CEO Patrick Byrne predicted a future where 100% of the stocks and bonds on Wall Street will be tokenized in as little as five years. Under this scenario, Byrne says “the value of security exchanges globally will be […] $900 billion”.
What do you think of tZERO’s new management hires? Let us know what you think in the comments section below.
Image courtesy of tZERO.