Michael Albanese, a former executive of J.P. Morgan Chase, has been handed over the reins of Tradewind, a pioneering digital financial platform that uses blockchain to trade, store and mobilize precious metals. The banking veteran with over two decades of experience under his belt has been named the CEO of Tradewind, according to an official announcement dated 30 April.
The Company’s Expectations
Tradewind is psyched with this development as they believe Albanese’s experience in the financial sector will bring in value not only for the company but also for its shareholders and will help them develop effective products that are in line with the company’s ideals.
Commenting on the matter, Executive Chairman, Blake Darcy said:
“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.”
The Experience Albanese Would Bring to the Table
Michael Albanese’s resume speaks volumes on his experience for he has served both as the Global Head of Agency Collateral Management, Corporate Trust and Securities Clearance at J.P. Morgan Chase. All of these roles have made him ideal for heading a company that believes in the practical and smart utilization of technology.
Michael Albanese’s Plans for Tradewind
While expressing his excitement on joining the company, Albanese shared his plans for Tradewind. He believes there is a scope of improvement not only in the precious metals sector but in the entire financial domain in terms of how physical assets are stored, supplied and traded as collateral. The key according to him is the optimum deployment of the existing tech.
The fascination of the world with both cryptocurrency and blockchain is steadily growing with world-class businesses eagerly integrating the technology into their operations. In fact, the metals sector, in general, has been relying on the security of blockchain for quite some time now, the most recent example of which is the London Metal Exchange’s initiative to use blockchain to trace the supply chain of its metals.