Equiniti, a leading provider of powerful technology solutions, has announced the appointment of Dr Michael Foley, Equiniti’s Chief Strategist, to head their Blockchain/Distributed Ledger Technology Research and Development.
Dr Foley’s task will be to focus on the transformative nature of Blockchain for Equiniti and the opportunities it may bring Equiniti and it’s clients’ in terms of cost and speed, security and traceability. Inherent in Blockchain technology is the need to take a collaborative approach and there will be multiple opportunities for Equiniti in sectors such as payments and securities as well as in new markets. Equiniti will be working with leading third parties in both industry and academia and has established a dedicated research and development team at its Cardiff Fintech Centre of Excellence to focus on this work.
Guy Wakeley, CEO of Equiniti, commented on the appointment: “Since Equiniti acquired Dr Foley’s business he has worked closely with the team to build our financial technology offering to where it is today. We are looking forward to him helping us build our Blockchain capability, which is being described at this year’s Sibos as the application of 21 st century technology to the post-trade space.”