Fnality International has announced the appointment of Michelle Neal as its new CEO. Michelle will be responsible for driving the continued expansion of Fnality’s regulated network of distributed Financial Market Infrastructures (dFMIs), building on the December 2023 launch of the Sterling Fnality Payment System (£FnPS) – the world’s first regulated DLT-based wholesale payment system.  

Michelle succeeds Rhomaios Ram, who has served as Fnality International CEO since May 2019. Rhom will continue in an advisory capacity to Fnality International, offering continued support on product strategy, customer acquisition, and regulatory engagement. 

Michelle brings to Fnality extensive leadership experience in banking and markets. She has been at the vanguard of financial industry transformation and innovation for over 20 years, having held executive and senior positions at large financial institutions in Europe and the US including BNY Mellon, Deutsche Bank and Nomura, giving her an unparalleled understanding of Fnality’s operating environment, regulatory domain, and global opportunities. Michelle comes to Fnality from the Federal Reserve Bank of New York where she was Head of the Markets Group and a member of the Bank’s Executive Committee. 

David Eisner, Chair of the Board said: “We express sincere thanks to Rhom for his outstanding leadership since the inception of Fnality. We are thrilled to welcome Michelle to the company at a tremendously exciting time, as Fnality prepares for geographical expansion and accelerating adoption of the digital financial ecosystem that the Sterling Fnality Payment System is already uniquely driving. Her experience as a leader in our industry speaks for itself, and our Board is convinced that she will be a driver of enormous momentum and growth at Fnality.”  

Michelle Neal said: “I am excited to take on this role at Fnality International. Under Rhom’s leadership, Fnality has successfully demonstrated its transformative potential, bringing live the world’s first regulated DLT-based payment system and building the momentum for generational evolution in wholesale financial markets. I look forward to joining Fnality next year and guiding the team as it enters a new era of milestones.” 

Source: Fnality