​Former NYSE CEO Duncan L. Niederauer Brings a Wealth of Experience to Paxos Board

Steve Kanaval  |

Experience is the most invaluable asset when it comes to business. Building an experienced board of directors is essential for a company like Paxos to be successful. Adding the former NYSE CEO Duncan L. Niederauer to its board is an excellent move considering Mr. Niederauer’s track record in business. Just so you know, Paxos is a financial technology company delivering revolutionary blockchain solutions for global financial institutions, meaning its platform will add automation and efficiency to capital markets once a trade has been made. Its flagship product Bankchain provides instant settlement opportunities to post-trade activity thereby reducing risk, lowering capital requirements, and increasing operational efficiencies.

"I'm delighted to join the Paxos Board of Directors during a time of evolution within capital markets. Blockchain technology promises to revolutionize post-trade clearing infrastructure and Paxos' Bankchain platform is poised to offer unique market efficiencies and automation for the benefit of all investors. I'm excited to join a team of distinguished board members and work with the Paxos management team," said Duncan Niederauer in a press release.

Mr. Niederauer brings more than 30 years of experience to an already impressive Paxos board consisting of former FDIC Chairman Sheila C. Blair; former U.S. Senator Bill Bradley; former FASB Chairman Robert H. Herz; and former Chairman, President, and CEO of Lotus Development Corporation Jim Manzi.

We all know of Mr. Niederauer’s most recent exploits as the head of the NYSE, but before that he was a partner at Goldman Sachs, where he worked from 1985 to 2007. He also co-founded the Mountain Top Advisory Group; is a managing member of 555 Capital; the non-executive chairman of Scenic Advisement, LLC; and sits on the boards of First Republic Bank, Realogy Holdings, and Colgate University.

The simple sports analogy that comes to mind for this type of addition to the Paxos team is when the Denver Broncos added Peyton Manning to its roster a few years ago. I’m not sure if Mr. Niederauer can throw a spiral like Peyton, but I know he can offer Paxos some invaluable direction for their business. One Super Bowl trophy, another Super Bowl appearance, and a league MVP certainly justify the Denver Broncos return on investment in Peyton Manning, but the real similarity I see between the sports icon and the business mogul are their respective leadership skillsets. As you can see from his resume above, Mr. Niederauer is a respected member of the world business community and Paxos is very luck to have him on its board of directors.

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