Lithium Finance Appoints Kelvin Lam as CEO and Steve Derezinski Stepping Down From His Role as Co-Founder
- Lam has been a finance industry veteran with a decade of experience in M&A advisory globally and a product pioneer in the gaming field in Asia.
- Derezinski has stepped down from his role as Co-founder of Lithium Finance effective immediately.
- The team is on track to release the public testnet in 2Q22 as the team speeds up building the product.
Lithium Foundation is pleased to announce the appointment of Kelvin Lam as the CEO of Lithium Finance. Lam most recently served as Director and General Manager for a group of five Hong Kong listed companies, where he oversaw investment and corporate finance projects, including property and other public and private investments.
Lam started his career in the banking industry. Early in his career, he specialised in mergers and acquisitions, where pricing is the essential element. Lam has served at leading financial institutes such as DBS, ABN AMRO, and Barclays Capital. After that, Lam founded and successfully divested his own ecommerce startup incubated at the Hong Kong Cyberport. He later ventured into gaming in 2015 and joined Game Media Asia as COO, where he supported eSport players across South East Asia with a comprehensive product suite. Lam subsequently brought his banking, entrepreneurial, and investment experience into the traditional corporate management world.
Lam holds a Master’s Degree in Business Administration from the University of Oxford and graduated from The University of Hong Kong and Fudan University in China.
As the Foundation decided to bring in new leadership, Steve Derezinski stepped down from his role as Co-founder of Lithium Finance effective immediately. The Foundation wishes to thank Derezinski for his contribution to Lithium, especially in the early stages.
Lithium Finance remained fully dedicated to fulfilling the vision of bridging the private asset world and the DeFi space by pricing the unpriced. The team will keep building the product full steam ahead and speed up the development of the public testnet, which is expected to be available in 2Q22.
Kelvin Lam, Incoming CEO of Lithium Finance, said, “I can see from my M&A and corporate experience that Lithium is uniquely positioned between the world of private assets and DeFi by design, which is an area that I don’t see other DeFi protocols can tap into effectively. I’m glad to be part of the Lithium family and be part of the driving force bringing private assets into DeFi.” Kelvin Lam’s appointment will be effective on February 1.
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.