SAN FRANCISCO - August 30, 2021 -- SFOX, the independent digital assets prime broker providing institutional traders and investors with access to global crypto markets from a single account, today announced former Goldman Sachs executive John Mannino has joined the company as Director of Compliance.
Mannino joins SFOX after more than two decades of extensive operations and regulatory compliance experience at Goldman Sachs. Mannino, whose last position at Goldman was Senior Vice President, Global Head Regulation Assurance & Compliance for Margin and Collateral, worked at Goldman offices in New York, Zurich, London and Los Angeles. He oversaw and ensured daily compliance for the OTC derivative margin and collateral processes while navigating the rapidly changing derivative regulatory environment as it emerged globally.
&ldquoSimilar to the derivative markets, the cryptocurrency market is experiencing a time of dynamic change and exponential growth," said Akbar Thobhani, CEO and Co-Founder of SFOX. &ldquoAs we embark on our ambitious efforts at SFOX, John's experience with regulatory and compliance frameworks will prove extremely valuable to our clients, partners, and the institutional crypto market as a whole."
Most recently, Mannino was a Finance and Risk Compliance Manager at Accenture, where he helped financial institutions manage the transition of their suite of products away from the LIBOR index.
&ldquoI look forward to using my experience navigating emerging regulatory environments to help SFOX  continue to bridge the traditional and crypto markets for institutional traders and investors by proactively engaging with regulators, and developing the structures and frameworks that professionals and institutions need to be able to participate in this dynamic market," said Mannino. &ldquoThis is a phenomenal team of financial professionals and technologists, and I'm excited to join one of the most forward-thinking pioneers of the institutional crypto market."
Mannino is a CPA. He graduated from Penn State University and earned an MBA from Boston College Carroll School of Management, completing his final year at New York University's Stern School of Business.
SFOX (San Francisco Open Exchange) is the independent digital assets prime broker providing institutional traders and investors with access to global crypto markets from a single account, helping over 100,000 traders, investors, and institutions trade and invest in digital assets at the best price across leading exchanges, OTC brokers, and market makers globally since 2014. SFOX's team of senior developers and executives bring experience from institutions such as Airbnb, MIT, Goldman Sachs, Google, Box, Paxos, NASA, itBit, Gemini, Ripple, ITG, TIAA, Capital Group, State Street and Harvard University. The company is backed by Y Combinator, SV Angel, Digital Currency Group, Khosla Ventures, Social Capital, Tribe Capital, DHVC, Haystack, Sequoia, Blockchain Capital, and Executives from PayPal and Airbnb.