Informative post here regarding Ripple’s banking application
👀👀👀👀👀👀👀👀 I know everyone has seen @Ripple National Trust Bank info, but I looked through their OCC application today and found who the organizers of the trust bank are. One name that stuck out to me was Tim Keaney who is retired Vice Chair of BNY Mellon who was responsible for custody of 25% of global institutional assets while he was there. It’s makes a lot of sense seeing Ripple partnered with BNY to custody $RLUSD. Just thought I’d pass that on. A list of proposed organizers below: 👇 John (Jack) McDonald: Jack McDonald will be RNTB's President. With over 25 years experience in banking, financial services, and trust activities, Mr. McDonald brings significant knowledge and leadership skills to RNTB. Mr. McDonald currently serves as the President of SCTC and Senior Vice President of Stablecoins at Ripple. Mr. McDonald founded PolySign, Inc. in 2018, which was the parent company of SCTC prior to SCTC's acquisition by Ripple. Previously, Mr. McDonald was the President and CEO of The Conifer Group, LLC from July 2005 to June 2018 and later the President and CEO of Conifer Financial Services from June 2014 to June 2018. He was a Managing Director at UBS Investment Bank from November 2000 to July 2005. Mr. McDonald earned a B.S.F.S. in Foreign Service from Georgetown University and a Juris Doctor from Georgetown University Law Center. John Zavaglia: John Zavaglia will be RNTB's Chief Operating and Trust Officer (and Vice President) and is currently Ripple's Treasurer. Mr. Zavaglia brings over 20 years of financial planning and consulting experience to RNTB. Prior to Ripple, Mr. Zavaglia was the Vice President of Finance at SunPower Corporation and held similar finance and treasury positions at Remitly and Expedia Group. He held various positions at Deloitte over 10 years as well. Mr. Zavaglia earned his B.S. in Accounting from the University of San Diego. He is a Certified Public Accountant and a Chartered Financial Analyst. Stuart Alderoty: Stuart Alderoty is currently Ripple's Chief Legal Officer, a position he has held since January 2019. Mr. Alderoty brings over 35 years of legal experience with expertise in financial services and regulatory affairs to RNTB. Prior to Ripple, Mr. Alderoty was General Counsel at CIT for three years, General Counsel at HSBC North America Holdings for six years, and Managing Counsel at American Express for eight years. He was a partner at LeBoeuf, Lamb, Greene and MacRae from 1989 to 2002. Mr. Alderoty earned his B.A. and Juris Doctor from Rutgers University. Timothy Francis Keaney: Tim Keaney is a seasoned executive with more than 25 years of experience in the global financial services sector. Mr. Keaney has a career spanning more than 20 years at BNY Mellon, serving most recently as its Vice Chairman from 2012 to present. He held several other leadership roles at BNY Mellon, including CEO of Investment Services and CEO of Asset Servicing. Mr. Keaney is currently a member of the board of directors of Unum, an insurance company. Mr. Keaney earned his Bachelor of Science and Business Administration from Babson College. David Puth: David Puth's career spans more than three decades of leadership in financial markets, payments, and technology. Mr. Puth is currently the Vice Chairman of North America for Partners Capital, where he has held the position since May 2023. Previously, Mr. Puth was the Chief Executive Officer of the Centre Consortium and held various other senior leadership positions in financial services, including at CLS Group where he was Chief Executive Officer for over six years. He has also held leadership positions with industry bodies at the Federal Reserve, the Bank of England, and the Bank for International Settlements, and has worked extensively with policy makers on risk management, regulatory, and policy issues. Presently, Mr. Puth is a member of Ripple's Advisory Board for RLUSD. Mr. Puth earned his B.A. from Tufts University.
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