Securrency Nabs State Street Digital Head

Blockchain-based technology provider Securrency has formally unveiled in new CEO, hiring Nadine Chakar from State Street, where she was head of the bank’s digital assets division.

Chakar will take up her role on January 9, confirming reports that she had left State Street late last year. Prior to her role as head of State Street Digital, Chakar was head of global markets at the bank, having joined from Manulife Investment Management in early 2019, where she was global head of operations and data. Prior to that she worked at BNY Mellon as global head of e-commerce strategy and research and financial market infrastructure.

Securrency says Chakar’s appointment will allow Dan Doney, the fim’s founder, who has served as the company’s CEO and lead architect since its inception, to focus on innovation, technology delivery, and commercialisation. He will continue to serve as chief technology officer.

“The financial services industry is at a critical tipping point as it tokenises regulated real-world assets and automates legacy financial processes using the power of blockchain technology,” says Chakar. “The Securrency team has done a remarkable job of developing the most robust technology on the market. As the new CEO, my priority is to accelerate the commercialisation of what is in essence the digital asset intelligence and interoperability foundation for major financial institutions and the global ecosystem. Dan Doney is a true visionary and innovator in the industry, and I look forward to working closely with him and the team to create the global digital assets marketplaces of the future.”

Doney adds, “Nadine is an exceptional leader and Securrency has been fortunate to leverage her extensive financial industry expertise as a board member and now as incoming CEO. She knows capital market operations inside and out. Nadine shares my passion for innovation, and we are united in our determination to make financial markets more accessible and efficient. She has a razor-sharp view of where reform is needed and how our technology can help. I am excited to work with Nadine as we focus on evolving our solution to bridge traditional and decentralised finance.”