Jan 19, 2021
(BOSTON—January 19, 2021) Algorand is excited to welcome former Managing Director at UBS and Merrill Lynch, Barry Finkelstein, to the growing Algorand team of experts, where he will head their North American Business Development and assist in Capital Market initiatives. Mr. Finkelstein, a seasoned long time veteran in Structured Products and Fixed Income markets, will be working with new and traditional financial institutions that are ready to harness the power of blockchain to stay competitive. Algorand, with a clear vision for what is needed for the future of finance, has seen increased adoption across financial institutions, payment rail organizations and central banks.
“Blockchain and developments for its usage are in the early stages of what is clearly an evolutionary shift in the way finance is conducted on a global scale. The institutions and markets where I’ve spent my career are just now starting to realize the potential of blockchain technology and how it is poised to establish the financial infrastructure of the future.” said Mr. Finkelstein. “While many are familiar with crypto currencies as a use case for blockchain technology, the tokenization of digital assets from equities to debt products, commodities and structured products is growing exponentially. This development, coupled with the inevitable move of payments and settlements to blockchain, is what is so exciting to me.”
Algorand’s unique ability to offer global enterprise scalability, security, and speed — all while allowing for decentralization and low transactional cost — makes it the ideal technology to meet the needs of today's financial institutions looking for the frictionless exchange of value. There are many blockchain protocols, but very few offer the needed tangible and proven technology to ultimately survive.
Mr. Finkelstein will work with existing and new financial institutions and other entities interested in or already building next-generation products and services on Algorand to advance their business. If you would like to speak further with Algorand’s team of experts, please reach out here.
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Barry Finkelstein, is working with Algorand to lead it’s North American business development efforts and assist in capital markets initiatives. Mr. Finkelstein was most recently at 23 Capital, a Sports, Music and Entertainment capital and solutions provider. Prior to joining 23 Capital in April 2017, Mr. Finkelstein was a Managing Director at UBS AG. He headed the Fixed Income Distribution/Structured Products and Solutions group. Mr. Finkelstein had responsibility for a number of senior institutional client relationships, primarily focused on structured products and solutions. Mr. Finkelstein focused on the origination, structuring and development of Structured Funding transactions and other capital raising endeavors for clients of the Bank. Mr. Finkelstein had management responsibility for the Structured Product Distribution and Solutions effort and had been a member of the UBS Fixed Income Executive Committee.
Previously, Mr. Finkelstein headed the Wealth Management and Private Bank Distribution effort in the Americas for the Fixed Income division of UBS AGs Investment Bank. Prior to joining UBS in February 2004, Mr. Finkelstein headed Merrill Lynch's Fixed Income Structured Repackaging and Synthetic Credit businesses. His responsibilities had included management of the Global CDO group, structured product syndication, as well as underwriting, originating, trading, distribution and marketing of CDOs and other structured vehicles. In addition, Mr. Finkelstein was responsible for developing the Pplus retail note program and the MINTstm managed synthetic credit derivative products for Merrill Lynch, in addition to developing the STEERs program, a first of its kind private and public SPV asset repackaging entity. Mr. Finkelstein spent five years heading Merrill Lynch’s Municipal Reinvestment desk and has more than thirty years of experience distributing, structuring and trading derivative products. Mr. Finkelstein began his career in 1986 as a trader of interest rate swaps and options. Mr. Finkelstein attended the University of Michigan and received a Bachelor of Science in Economics and Accounting from Claremont McKenna College.