Fnality International Appoints Michelle Neal As New CEO

According to Odaily, Fnality International has announced the appointment of Michelle Neal as its new Chief Executive Officer. Neal, who currently serves as the Executive Vice President and Head of Markets at the New York Federal Reserve Bank (NY Fed), is set to join Fnality in the first quarter of 2025. She brings extensive industry experience from her previous roles at institutions such as BNY Mellon, Deutsche Bank, Nomura Securities, Royal Bank of Canada, and the Royal Bank of Scotland. Fnality is a Distributed Ledger Technology (DLT) settlement platform that launched the Sterling Fnality Payment System last year, supported by 20 global institutions. Angus Fletcher currently holds the position of CEO at Fnality UK. The company's system operates on an integrated central bank account, which holds funds to back tokenized central bank money. Fnality is also planning to introduce solutions for the US dollar and euro, pending approval from the respective central banks. This development follows the earlier announcement that Rhomaois Rham, the founding CEO of Fnality, plans to step down from his position.