Today Fnality International announced the appointment of Michelle Neal as CEO after Bloomberg reported last month that founding CEO Rhomaois Rham was planning to step down from the wholesale DLT payments firm. Ms Neal is currently EVP and Head of Markets at the Federal Reserve Bank of New York (NY Fed) and will join Fnality in Q1 2025. She has extensive industry experience at BNY Mellon, Deutsche Bank, Nomura, RBC and the Royal Bank of Scotland.
Fnality is the DLT settlement platform that launched its Sterling Fnality Payment System last year, with backing from 20 global institutions. Angus Fletcher is the CEO of Fnality UK. The company’s system relies on an omnibus central bank account which holds funds to back the tokenized central bank money. It has plans to launch US dollar and euro solutions, which would require the approval of the relevant central banks.
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