FRBNY Chief Strategist Becomes COO of DeFi Euler Finance

FRBNY Chief Strategist Becomes COO of DeFi Euler Finance

The decentralized lending protocol team at Euler Finance has announced the appointment of Brandon Neal as COO. Neal has spent a decade in various roles at FRBNY, including most recently at the Markets Trading Desk, or as he put it in an interview, “at the tip of the spear in implementing monetary policy.

The specialist’s LinkedIn page says he previously led the securities auction at the U.S. Federal Reserve (Fed), then FRBNY’s strategic planning for interagency debt financing. Neal is now vice chairman of the institutional asset management group of the CFA Society of NY. He is part of a group of opinion leaders on fintech.

Neal’s career transition was facilitated in part by protocol development specialist at cryptocurrency venture capital giant Paradigm and Neal’s friend Dave White. He introduced FRBNY’s specialist to new concepts of decentralized finance, such as instant credits and automated market makers. After an initial introduction to the technology, Neil began to explore the market in more depth. He met with the Euler Finance protocol team at one of the featured events.

Neal said he was impressed with the team’s dedicated and interactive approach to mitigate the risks of decentralized finance:

“Of all the teams I’ve talked to, the one that impressed me the most was the Euler team – having an ultra-reliable, carefully designed and thoughtfully implemented risk management system is paramount”.

So Neal decided to join the protocol team and develop further as a leader and specialist in decentralized financial systems.

Amid tightening regulation, more and more cryptocurrency companies are hiring experts who know the regulatory kitchen in order to avoid problems with supervisors. Cryptocurrency exchange Binance recently hired former Dubai regulator Mark McGinness as its head of government relations. Cryptocurrency platform Binance has also decided to engage more closely with regulators. To do so, the exchange hired former employees of the U.S. Internal Revenue Service. In July, the startup Solidus Labs hired a former director of the U.S. Consumer Financial Protection Bureau (CFPB) to interact with government agencies.

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Written by Renat
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