trueDigital and Credit Suisse Makes Important Senior Level Management Appointments

FinTech Provider, trueDigital Appoints Thomas Kim as its New CEO

truedigitalFintech provider trueDigital, the subsidiary of swap execution facility operator TrueEX has announced the appointment of Thomas Kim as its newest Chief Executive Officer which will also join the company’s Board.

Kim has spent a considerable part of his career in the financial services industry, and before joining trueDigital, he was Chief Operating Officer at Bridgewater Associates, an American investment management company, where he spent seven years. Prior to this, he was working with some of the prominent financial institutes including now collapsed Lehman Brothers and UNX.

At trueDigital, Kim will be responsible for developing the company’s business around the digital assets and with a focus on advanced technologies like blockchain technology. In December last year, the company confirmed the launch of blockchain-based payment systems with Signature Bank.

Sunil Hirani, trueDigital’s Founder and Member of the Board of Directors commented on the appointment:

“Thomas brings the expertise and the boldness to carry forward our vision of bringing blockchain-based financial technologies to life. His accomplishments at some of the world’s most technologically-driven and demanding institutions speak to his ability to think creatively and lead effectively. This will be instrumental as we double down on our ambitions to innovate, grow and scale.”

Thomas Kim also commented on this appointment:

“Transforming financial market infrastructure is an ambitious goal, yet the progress to date shows the potential of trueDigital’s technologies to modernize markets and bring digital assets forward. The team, the thinking, and the technology at trueDigital are all attuned for significant growth, and I look forward to leading the way.”

Credit Suisse Taps Morgan Stanley Executive Matteo Mazzeto

Credit Suisse has managed to make a significant appointment as it has secured Morgan Stanley’s equities derivatives executive Matteo Mazzeto.

Matteo Mazzeto was Executive Director at Morgan Stanley and will join Credit Suisse this week in London. Mazzeto spent almost two years with Morgan Stanley running the ALPHAS product sales for EMEA division. It is understood he has resigned from Morgan Stanley in November 2018 to join Credit Suisse. 

Mazzeto has joined Morgan Stanley from Barclays after spending four years with the company. He started his career with the leading investment banking company, Goldman Sachs in 2005. 

At Credit Suisse, it is believed that Mazzeto has been tasked with building something similar to what he has done in Morgan Stanley. Credit Suisse has made more than 50 new hires in its equities derivatives division including the Mazzeto’s one, and aim for each new hires is to drive the revenues in the division.