Tradewind, a financial technology company digitizing precious metals
with blockchain-based technology solutions, have appointed J.P. Morgan
executive Michael Albanese as CEO. With over 20 years’ experience in
banking and securities markets, Michael will assume day-to-day
leadership of Tradewind effective immediately.
“Michael is a leader with significant experience working with
corporations, creating capital-efficient products, operating at scale,
and delivering value to shareholders,” said Blake Darcy, Executive
Chairman of Tradewind. “The Board and I are confident that he is the
right person to take Tradewind to the next level in our global pursuit
of a more efficient, transparent, secure and cost-effective precious
Michael was most recently Global Head of Agency Collateral Management at
J.P. Morgan, enabling financial institutions to effectively manage
collateral by improving the end investor experience, helping broker
dealers diversify funding sources, reducing transaction costs, and
increasing peace-of-mind in times of market stress through clear asset
ownership. Michael was also J.P. Morgan’s Global Head of Securities
Clearance, which provided on-exchange securities clearance, settlement
and custody globally, and the Head of the Corporate Trust business in
Japan, enabling entrustment of real estate and asset-backed securities.
“Clear opportunities exist to improve how physical assets trade, settle,
are custodied, and are mobilized as collateral—both in the precious
metals space and beyond,” said Michael Albanese, CEO of Tradewind.
“Smart deployment of technology can benefit multiple participants in the
ecosystem. I am excited to join a company that has already successfully
executed on a major asset class.”
Tradewind’s products have been adopted by leading institutions in the
precious metals market, including the Royal Canadian Mint and several
broker dealers. The business has been financed by the largest primary
producers in the industry, including Goldcorp Inc., Agnico Eagle Mines
Ltd., and IAMGOLD Corp.
As Tradewind expands its product offering and client base, Michael’s
experience with market infrastructure across securities markets, online
brokerage, and leadership of complex businesses within banking will
strengthen the existing Tradewind management team.
Tradewind enables physical assets to be traded, settled, and mobilized
with increased confidence, security, transparency, and cost efficiency.
Tradewind created a digital precious metals market that uses both
blockchain technology and electronic exchange technology to streamline
custody, trade execution, settlement and the maintenance of supply chain
information. The Tradewind platform has been adopted by leading
institutions in the precious metals market, including the Royal Canadian
Mint and Asahi Refining. Investors in the business include IEX Group,
Sprott Inc., Goldcorp Inc., Agnico Eagle Mines Ltd., IAMGOLD Corp, and
Wheaton Precious Metals Corp. For more information please visit https://tradewindmarkets.com/.