In its bid to infiltrate the USA crypto industry, B2C2, a cryptocurrency liquidity provider based in London, has gone ahead to add Rob Catalanello, a 25-year veteran of Wall Street, to its ranks.
Catalanello formerly held a senior position at the New York office of French bank Credit Agricole, Catalanello. Then, he was in charge of fixed-income sales. He also held senior positions at Merrill Lynch (now part of Bank of America). Then, he was the head of foreign exchange (FX) sales. His records also showed that he has worked at JPMorgan and Goldman Sachs. In addition to all this, he also served on the FX markets committee of the Federal Reserve Bank of New York for nine years. While he was working at Credit Agricole, Catalanello helped the bank get into compliance with the U.S. Dodd-Frank Act and the European Union’s Markets in Financial Instruments Directive (MiFID).
Speaking on his recent appointment, Catalanello said that B2C2 is taking “a very conservative approach and securing the appropriate regulatory authorizations before it starts doing business in the U.S.“We have submitted our FinCEN application and hope to be ready to begin dealing with customers by the end of April,” he added.
Catalanello is currently the firm’s only U.S. employee. However, he noted that the company is in the process of adding more people to its team to make the business grow.
Catalanello also revealed that B2C2’s U.S. office will be located in Jersey City, New Jersey, across the river from New York’s financial district, “until [we] determine the licenses for which we will ultimately apply, ”
Max Boonen, B2C2’s founder and CEO, has also made his opinion regarding hiring Catalanello known. According to him, Catalanello’s “financial market expertise gained at major investment banks will be instrumental in expanding the firm’s client franchise to the U.S. market.”
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