Fintech Focus — September 2021
A curated selection of hires and promotions from across fintech. If you would like to sign up to receive this newsletter, please visit our website.
What We’re Following
El Salvador is officially accepting Bitcoin as legal tender. Jury’s still out as to whether the velocity of Bitcoin can match that of other M1 payments, but Jack Mallers certainly seems to think this thing has legs🏃🏼♀️.
In other international news, China declared all cryptocurrency transactions illegal🙊. I suppose my high school Physics teacher would be proud that I still remember “For every action, there is an equal but opposite reaction,” but I doubt she foresaw its application to the state of international cryptocurrency adoption.
If El Salvador was one step forward and China was one step back, then the US is still trying to get its shoes on🤷🏾♂️. Stablecoin regulation is the name of the game here in the States. Much to the chagrin of Brian Armstrong, the US has yet to take a stance on the regulation and legality of stablecoins, crypto lending, NFTs, and so on. To better understand the landscape and regulatory environment, check out this piece by a16z.
If you’re looking for more Intersection Growth Partners in your life or you want to see this smile in person, come say hi to us at Money20/20 in Vegas next month. We’ll be accepting party invites by Twitter or by Abba-tar. Pick your poison and meet us on the dance floor 😘💃🏽.
Catherine, Blake, Elizabeth, Hugh, Kelsey and Scott
Who We’re Following
a16z: Joe Schmidt joined the fintech team as a Partner. Joe was previously the VP of Business Development at Ethos. Link Jane Lippencott joined as a Crypto Partner. Jane was previously a partner at Distributed Global. Link Brian Quintenz joined as a Crypto Advisory Partner. Brian was previously the Commissioner of the U.S Commodity Futures Trading Commission. As always, we enjoyed partnering with the team at a16z! Link
BNY Mellon: Hadley Stern joined as Global Head of Digital Custody. Hadley was previously the Head of AWS Innovation Labs. Benjamin Duve joined as Director of Digital Assets and Blockchain. Benjamin was previously the Head of Digital Assets and Custody at Commerzbank. Finally, David Schwed joined as Global Head of Digital Asset Technology. David was previously an MD and CISO at Galaxy Digital. Link
Brevan Howard: Colleen Sullivan joined as Head of the newly created cryptocurrency investing platform, BH Digital. Colleen was previously the Co-founder and CEO of CMT Digital. Link We’re grateful to have partnered with Alan Howard, Aron Landy and Gautam Sharma on this critical assignment.
Celo: Danielle Andrzejewski joined as Head of Commerce. Danielle previously co-led the Fintech GTM team at a16z. Chris Ostrowski joined as a Global Head of Public Sector Engagement. Chris was previously the CRO of OMFIF and Managing Director of the Digital Monetary Institute. Link
Circle: John Andrews joined as Head of Investor Relations. John was previously the Head of Investor Relations at Fannie Mae. We’re grateful for the continued partnership with Jeremy Allaire, Elisabeth Carpenter and Jeremy Fox-Geen on this assignment.
Coinbase: Chinmoy Panigrahi joined as Head of Product, Retail Financing. Chinmoy was previously a Product Lead at Google. Link Will Robinson joined as VP of Engineering. Will was previously the CTO at ASAPP.
Current: Jodi Golisnky joined as General Counsel. Jodi was previously a Director and Associate GC of Financial Services at Shopify. Ravi Bhatia joined as Head of Credit. Ravi was previously the Head of Global Credit Risk Oversight at PayPal.
Ethos: John Kunze, Priscilla Hung and Khozema Shipchandler joined as Board Members. John is an SVP of Customer Experiences at PayPal, Priscilla Hung is the President & COO of Guidewire, and Khozema Shipchandler is the CFO of Twilio. Link
nCino: Josh Glover was promoted to President and Chief Revenue Officer. Josh was previously the CRO. Greg Orenstein was promoted to Chief Corporate Development & Strategy Officer. Greg was previously the Chief Corporate Development & Legal Officer and Secretary. Trisha Price was promoted to Chief Innovation Officer. Trisha was previously the Chief Product Officer. Link
Payoneer: Keren Levy was promoted to President and GM of Payoneer Merchant Services. Keren was previously the COO. Arnon Kraft will be replacing Keren as COO. Arnon was previously the CEO of Big 4 Strategic Consulting. Pam Patsely joined as a Board Member. Pam was previously the Executive Chairman of MoneyGram International. Link
Sonder: Janice Sears joined as a Board Member and Chair of the Audit Committee. Janice was previously the Western Region Head at Bank of America Merrill Lynch. Frits van Paasschen was promoted to Lead Independent Director. Frits was previously a Board Member and is the former President and CEO of Starwood Hotels. Link
Intersection Growth Partners is a retained executive search firm that builds the leadership teams transforming financial services. Our clients include challenger fintechs, global financial institutions and leading investors in the space 🚀.