RT Deposit Solutions Welcomes Michelle Neal to Board of Managers as a New Strategic Leader
In a significant move for the financial industry, RT Deposit Solutions has announced the appointment of Michelle Neal to its Board of Managers. This addition signals RT's commitment to innovative and strategic growth in the rapidly evolving deposit and liquidity management landscape.
Michelle Neal comes to RT with a wealth of experience stemming from over 20 years in various high-level positions within the financial sector. Currently, she serves as the CEO of Fnality International, a fintech company that aims to revolutionize wholesale financial markets through cutting-edge distributed ledger technology (DLT). In 2023, Fnality launched the Sterling Fnality Payment System – a groundbreaking innovation that established the world's first regulated DLT-based wholesale payment system. This advancement highlights Neal's prowess in integrating digital technologies with traditional banking operations, a skill set that RT seeks to leverage for future innovations.
Before her tenure at Fnality, Neal held the prominent role of Head of the Markets Group at the Federal Reserve Bank of New York. There, she played a crucial part in overseeing open market operations and foreign exchange, significantly influencing the implementation of monetary policy. Her extensive background also includes executive positions at reputable firms like RBC Capital Markets, BNY Mellon, Deutsche Bank, Nomura, and the Royal Bank of Scotland.
Susan Cosgrove, CEO and Chair of the Board at RT, stated, "Michelle's appointment underscores RT's commitment to innovation, resilience, and prudent growth. Her depth of experience at the intersection of financial markets, technology, and policy will be instrumental as we continue to enhance our platform and deliver long-term value to our clients and partners." This sentiment is echoed by Mike Hollander, Managing Director at GTCR, who emphasized Neal's understanding of financial market infrastructures and her exceptional ability to transform and scale global businesses. He expressed excitement about her contributions to the board.
Additionally, Takashi Moriuchi, Co-Founder and Managing Director at Estancia Capital Partners, noted that Neal's experience in both public and private sectors makes her a perfect fit for RT’s strategic objectives. Her unique insights into advancing financial technologies are expected to be a tremendous asset for the company's future endeavors.
Neal’s impact extends beyond her executive roles; she has been an active member in several prestigious financial organizations. Her contributions include non-executive board member positions and committee roles with the Treasury Borrowing Advisory Committee, the Global Financial Markets Association, and the Futures Industry Association. In 2023, she was appointed to the Bank for International Settlements Committee on Payments and Market Infrastructures, further establishing her presence in the global financial dialogue.
Educationally, Michelle Neal holds a BSBA in Finance from the Sawyer School of Management at Suffolk University, graduating cum laude. Additionally, she holds dual citizenship in both the United States and the United Kingdom, reflecting her extensive background and versatile experience.
RT Deposit Solutions, with over 50 years in the cash management and deposit funding industry, serves banks, credit unions, and wealth managers through its tech-enabled services. The company manages the Demand Deposit Marketplace®, facilitating access to billions of dollars in reciprocal deposits. RT aims to maintain its status as a leader in the administration of deposit networks and continues to evolve in its offerings.
Looking ahead, the appointment of Michelle Neal is expected to not only bolster RT’s leadership team but also guide the organization through the complexities of the financial sector's digital transformation, ultimately enhancing its value proposition for clients. As RT Deposit Solutions embarks on this promising chapter, stakeholders are eager to see how Neal’s expertise will translate into tangible benefits within the constantly shifting landscape of financial services.
Michelle Neal comes to RT with a wealth of experience stemming from over 20 years in various high-level positions within the financial sector. Currently, she serves as the CEO of Fnality International, a fintech company that aims to revolutionize wholesale financial markets through cutting-edge distributed ledger technology (DLT). In 2023, Fnality launched the Sterling Fnality Payment System – a groundbreaking innovation that established the world's first regulated DLT-based wholesale payment system. This advancement highlights Neal's prowess in integrating digital technologies with traditional banking operations, a skill set that RT seeks to leverage for future innovations.
Before her tenure at Fnality, Neal held the prominent role of Head of the Markets Group at the Federal Reserve Bank of New York. There, she played a crucial part in overseeing open market operations and foreign exchange, significantly influencing the implementation of monetary policy. Her extensive background also includes executive positions at reputable firms like RBC Capital Markets, BNY Mellon, Deutsche Bank, Nomura, and the Royal Bank of Scotland.
Susan Cosgrove, CEO and Chair of the Board at RT, stated, "Michelle's appointment underscores RT's commitment to innovation, resilience, and prudent growth. Her depth of experience at the intersection of financial markets, technology, and policy will be instrumental as we continue to enhance our platform and deliver long-term value to our clients and partners." This sentiment is echoed by Mike Hollander, Managing Director at GTCR, who emphasized Neal's understanding of financial market infrastructures and her exceptional ability to transform and scale global businesses. He expressed excitement about her contributions to the board.
Additionally, Takashi Moriuchi, Co-Founder and Managing Director at Estancia Capital Partners, noted that Neal's experience in both public and private sectors makes her a perfect fit for RT’s strategic objectives. Her unique insights into advancing financial technologies are expected to be a tremendous asset for the company's future endeavors.
Neal’s impact extends beyond her executive roles; she has been an active member in several prestigious financial organizations. Her contributions include non-executive board member positions and committee roles with the Treasury Borrowing Advisory Committee, the Global Financial Markets Association, and the Futures Industry Association. In 2023, she was appointed to the Bank for International Settlements Committee on Payments and Market Infrastructures, further establishing her presence in the global financial dialogue.
Educationally, Michelle Neal holds a BSBA in Finance from the Sawyer School of Management at Suffolk University, graduating cum laude. Additionally, she holds dual citizenship in both the United States and the United Kingdom, reflecting her extensive background and versatile experience.
RT Deposit Solutions, with over 50 years in the cash management and deposit funding industry, serves banks, credit unions, and wealth managers through its tech-enabled services. The company manages the Demand Deposit Marketplace®, facilitating access to billions of dollars in reciprocal deposits. RT aims to maintain its status as a leader in the administration of deposit networks and continues to evolve in its offerings.
Looking ahead, the appointment of Michelle Neal is expected to not only bolster RT’s leadership team but also guide the organization through the complexities of the financial sector's digital transformation, ultimately enhancing its value proposition for clients. As RT Deposit Solutions embarks on this promising chapter, stakeholders are eager to see how Neal’s expertise will translate into tangible benefits within the constantly shifting landscape of financial services.
Topics Financial Services & Investing）
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