SFOX hires ex-Goldman John Maninno as Director of Compliance of crypto broker

Rick Steves

“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.

How to introduce Crypto to retail investors: Devexperts announces free webinar for Brokers

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.

Read this next

Institutional FX

Cboe Australia launches BIDS offering after successful migration of Chi-X

“Executing the migration of Chi-X’s technology platform was a tremendous industry-wide effort and we thank our customers, vendors, regulators and other market participants for their strong engagement and support over the past year.”

Institutional FX

Sucden Financial launches access to 25 of China’s futures and options contracts

“We are delighted to offer clients access to three key futures markets in China, the world’s largest commodity consumer.”

Industry News

Kraken sponsors Williams Racing to expand institutional reach and fan engagement

“Kraken’s partnership with Williams Racing shows what is possible when you combine a great mission with excellence, innovation and breakthrough performance. These are both iconic brands that have stood the test of time. We’re excited to engage with both Kraken’s and Williams Racing’s global communities, showcasing the power and life-changing impact of crypto and Web3.”

Retail FX

FXChoice taps Acuity’s news, sentiment tools, calendars, trade ideas on MT4/5

“Our tools are designed with the end-user in mind and are engineered to present insightful and actionable market data in an accessible way to help traders manage risk by identifying potential market movements before they occur and ultimately make better decisions on how, when, and where to invest.”

Digital Assets

BlockFi to refund $103K to Californian users

Bankrupt crypto lender BlockFi will refund more than $100,000 to its California-based users who continued to repay loans even after the company halted client withdrawals following a liquidity crisis.

Institutional FX

SimCorp and FlexTrade team up to strengthen Open Platform

Broker-neutral technology firm FlexTrade Systems announced that its solution FlexTRADER EMS has been certified for integration with SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions.

Digital Assets

MicroStrategy prepays Silvergate loan, trims loss on BTC bet

MicroStrategy, spearheaded by one of bitcoin’s most vocal proponents, has prepaid the $205 million bitcoin-backed loan it took out from insolvent crypto-focused Silvergate Bank in March 2022.

Executive Moves

UK spread better InterTrader hires Joe Rundle as CEO

Multi-regulated online trading provider InterTrader has publicly revealed its newest appointment, having onboarded industry veteran Joe Rundle as its Chief Executive Officer (CEO).

Digital Assets

Federal judge puts brakes on Voyager sale to Binance

A federal judge temporarily halted the proposed deal to sell bankrupt crypto lender Voyager Digital’s assets to Binance US after a request by the United States government for an emergency stay.