SFOX hires ex-Goldman John Maninno as Director of Compliance of crypto broker
“Similar to the derivative markets, the cryptocurrency market is experiencing a time of dynamic change and exponential growth”
SFOX has hired former Goldman Sachs executive John Mannino as Director of Compliance of its digital assets prime brokerage firm.
The prime broker caters to institutional traders and investors who look to access global crypto markets from a single account. Founded in 2014 as San Francisco Open Exchange, aka SFOX, was built to give institutionals an edge through better prices, access, and security.
The platform’s order types are powered by Smart Order Routing, designed to achieve the best prices possible and offers volume discounts while protecting customers’ assets with its patented security and custody system, SAFE.
John Mannino joins SFOX from Accenture, where he helped financial institutions manage the transition of their suite of products away from the LIBOR index. His role there was of Finance and Risk Compliance Manager.
Still, he is to be considered a “Goldman man” as he spent more than two decades providing extensive operations and regulatory compliance at the investment bank.
His last position at Goldman was Senior Vice President, Global Head Regulation Assurance & Compliance for Margin and Collateral. He has worked from the investment bank’s New York, Zurich, London, and Los Angeles offices.
At Goldman, he oversaw and ensured daily compliance for the OTC derivative margin and collateral processes while navigating the rapidly changing derivative regulatory environment as it emerged globally.
Akbar Thobhani, Chief Executive Officer and Co-Founder of SFOX, said: “Similar to the derivative markets, the cryptocurrency market is experiencing a time of dynamic change and exponential growth. As we embark on our ambitious efforts at SFOX, John’s experience with regulatory and compliance frameworks will prove extremely valuable to our clients, partners, and the institutional crypto market as a whole.”
John Mannino, Director of Compliance at SFOX, commented: “I look forward to using my experience navigating emerging regulatory environments to help SFOX continue to bridge the traditional and crypto markets for institutional traders and investors by proactively engaging with regulators, and developing the structures and frameworks that professionals and institutions need to be able to participate in this dynamic market.
“This is a phenomenal team of financial professionals and technologists, and I’m excited to join one of the most forward-thinking pioneers of the institutional crypto market.”
In 2019, SFOX and Coinbase were the only blockchain-related companies making the list of Y Combinator’s top 100 list of startups. The crypto dealer for institutional and professional traders has the guarantee of institutional backers.