Global Debt Registry Bolsters Executive Team to Help Transform Structured Credit Market
Banking veterans Evan Psaropoulos and Patrick Dietz join as CFO and Product Director, respectively, to support the company's innovation of the structured credit ecosystem through blockchain.
New York, NY July 24th, 2018 - Global Debt Registry ("GDR"), today announced two new executive hires from the banking industry. Evan Psaropoulos, formerly of Credit Suisse, has joined GDR as CFO, and Patrick Dietz, formerly of BNY Mellon, has joined the organization as Product Director. This follows Charlie Moore assuming the role of Chief Executive Officer, in addition to President, in recognition of his leadership and vision.
The expansion of the GDR team comes on the heels of the company's launch of its loan registry on the IBM Blockchain Platform. GDR’s decentralized ledger for tokenized loan characteristics supports assets moving from borrower application to the securitization market, providing new levels of efficiency, trust and innovation to the structured credit ecosystem.
In his role as CFO, Evan will oversee the finance function within GDR, including overseeing equity financing and commercial strategy. He will lead investor relations for GDR across the capital markets space leveraging his investment banking and corporate development experience. He most recently held senior corporate finance roles at both Omnicom and LeEco, prior to which he served as a Vice President at Credit Suisse's Technology, Media and Telecom Group, performing M&A and corporate finance advisory. He began his career as a CPA and auditor with PwC.
"This is an important endeavor for the financial services industry, and I am excited to be at the forefront of it," said Evan Psaropoulos. "By enabling this market to transition to our blockchain platform, we will be able to lower the ecosystem’s overall operating costs, while also facilitating faster transactions.”
Patrick will run product strategy and management within Global Debt Registry, with a focus on new value creation through Blockchain technologies. He has unique expertise in blockchain strategy from the banking industry and has served on the cutting edge of emerging technologies in financial services for over a decade. Patrick was previously vice president and lead for BNY Mellon Corporate Trust's emerging technology strategy. He also previously worked with Ipreo developing solutions for book building and syndication of equity offerings.
"My career has been focused on the application of new technologies for the financial markets, and GDR's platform will open up new opportunities for the lending sector," remarked Patrick Dietz. "The Hyperledger Fabric framework is ideal for this market, as the distributed ledger transforms the levels of efficiency, trust and innovation through a single system of record management, data immutability, and smart contract deployment."
"We are excited to welcome Evan Psaropoulos and Patrick Dietz during such a crucial period in GDR's development as we launch our new blockchain platform," said GDR’s Charlie Moore. "Evan’s investment banking & corporate development experience and Patrick’s Blockchain leadership in this space are ideally suited for the next phase of growth for this industry."
Global Debt Registry also recently launched a new website to highlight the company’s work in changing the structured credit ecosystem. The website features insights on the company’s progress, thought leadership commentary and events. To learn more about how Global Debt Registry is working with industry partners to transform the structured credit market, visit the new site at https://globaldebtregistry.com/.
About Global Debt Registry (“GDR”)
GDR is a Private Equity backed FinTech company that provides loan level management solutions for the structured credit markets utilizing the Hyperledger Fabric blockchain framework. GDR’s SOC1 & SOC2 compliant infrastructure helps to more efficiently manage lending facilities through to securitization and enables lenders to attract more permanent capital. The Company is led by a team of senior executives from Thomson Reuters, Credit Suisse, BlackRock, BNY Mellon and Barclays. Further information can be found at www.globaldebtregistry.com