Crypto Exchange Quoine Hires Hennessey, Melamed For Key Positionsbr>
Singapore cryptocurrency exchange and technology company Quoine has hired Ray Hennessey as Chief Strategy Office and Seth Melamed as Global Head of Operations. Both will report to Quoine CEO and co-founder Mike Kayamori.
Quoine received its Japan bitcoin exchange license last month and has an initial coin offering underway for its Qash token. The funds will be used to create a native blockchain and enhance the firm’s Liquid platform.
“The joining of Ray and Seth, two senior leaders from Merrill Lynch and Goldman Sachs, will significantly contribute to Quoine’s growth as well as our mission to reinvent the crypto world as we know it,” said Kayamori. “.Their first-hand industry insight, outstanding credentials, along with their proven ability to navigate the ever-changing technology world at two of the world’s largest financial services companies will help Quoine reach the full potentials that our company is capable of.”
Hennessey has over 30 years of experience in IB technology, risk management, finance, management consulting, and payments. Most recently, he worked in Thailand implementing a national payment scheme (PromptPay) for 21 banks. He was formerly President/Principal of KPMG Management Consulting (Philippines) and spent over five years at Deutsche Bank leading Finance IT for the Philippines & India.
“I am thrilled to be joining Mike, Mario and the team at this exciting time in the company’s development,” Hennessey said. “The technology is wholly impressive and Quoine is establishing itself as a leader in the CryptoCurrency Exchange space. I look forward to working with everyone at Quoine to reap the benefit of the amazing growth potential in the market.”
Melamed has over 10 years of investment banking operations experience at Goldman Sachs across New York, Tokyo, Moscow, and Salt Lake City. He was Head of Equity Derivatives Settlements Americas, managing complex derivatives settlements for US institutional clients. Before that, he managed Treasury and Liquidity operations for GS in Russia, obtaining expertise in payments and cash management functions for investment banks. Melamed also led the GS Asia Derivatives Prime Brokerage operations in Japan and Asia, successfully expanding the client base.
“It is an incredible honor for me to join the Quoine team and help to grow the future of blockchain-based financial services. At Quoine, we develop platforms that are innovative in leveraging the power of distributed ledgers while also making user security & compliance core principles of all that we do. The Quoine team is moving finance forward by building blockchain solutions where all participants can benefit with lower costs and greater access to financial services.”