Singapore headquartered cryptocurrency exchange and technology company QUOINE has been busy making development moves since receiving their Japan bitcoin exchange license last month. Afterwards, not even a week passed before the company announced its QASH token sale for a native blockchain and LIQUID platform in order to provide more liquidity across crypto markets.
The company has already signed up its first partner for LIQUID with Bitfinex joining the platform. Now today, QUOINE has announced the hiring of Ray Hennessey as Chief Strategy Officer and Seth Melamed as Global Head of Operations. Both will report directly to QUOINE CEO and Co-Founder, Mike Kayamori.
Regarding the strategic hires, Mike Kayamori, QUOINE CEO and Co-Founder stated:
“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. 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.”
Ray Hennessey has over 30 years of experience in IB technology, Risk Management, Finance, Management Consulting, and Payments. Most recently, Ray worked in Thailand implementing a national payment scheme (PromptPay) for 21 banks. In Singapore/Manila, Ray was President/Principal of KPMG Management Consulting (Philippines). As Director, he spent over 5 years at Deutsche Bank leading Finance IT for Philippines & India. In Hong Kong, Ray was Executive Director, Head of IT and APAC COO for UBS Investment Bank. In New York, as Executive Director, Ray led the global OpRisk, SOx, Compliance and Audit IT teams at Morgan Stanley. He spent 5 years as Director and CIO at Merrill Lynch in Japan. Prior to that, Ray spent 10 years at Goldman Sachs (New York/London) where he was Vice President in the Equities Division.
Ray Hennessey said:
“I am thrilled to be joining Mike, Mario and the team at this exciting time in the company’s development. 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.”
Seth Melamed has over 10 years of investment banking operations experience at Goldman Sachs (GS), across New York, Tokyo, Moscow, and Salt Lake City. Seth 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. Seth led the GS Asia Derivatives Prime Brokerage operations in Japan and Asia, successfully expanding the client base. He was also involved in initiatives with CLS and SWIFT, including enabling same-day settlement in CLS. Seth served on GS’ Payment sub-committee, working on efforts to improve payment security, anti-fraud measures, and developing the firm’s global payment policy.
Mr. Melamed stated:
“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.”