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News

Prime Trust Bolsters Regulatory Bench with New Hires from the OCC and Chief Operating Officer

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LAS VEGAS, June 29, 2021 /PRNewswire/ —  Prime Trust, the one-stop shop for financial infrastructure for fintech innovators, today named Mike Smith as Chief Operating Officer (COO), while also appointing several former officials of the Office of the Comptroller of the Currency (OCC) to its regulatory and compliance team: Jeff Tsai, Dana Dobi and Liz Teifer.

A former Federal Reserve Bank examiner coupled with consulting with Promontory Financial Group and executive roles with Visa and Green Dot, Smith joins Prime Trust with an extensive background in risk management and BSA AML compliance. As COO, he'll lead the company's day-to-day operations in Prime Trust's push to become the market leader in financial infrastructure services and enable the future of financial services.

To support Prime Trust's hyper-growth, the additions of Tsai, Dobi and Teifer from the OCC will play a pivotal role in the company's build-out of its proprietary operational framework that helps clients assess risk, stay ahead of compliance requirements, make more-informed decisions and adapt for rapid shifts in the cryptocurrency markets.

“Amid accelerating growth in cryptocurrencies and rising interest from investors, fintech has opened the door to infinite opportunities for consumers and businesses across industries. But with that comes new challenges, including navigating fast-evolving rules and regulatory requirements,” said Tom Pageler, CEO of Prime Trust. “We're committed to being a leader in understanding and anticipating such shifts to ensure market transparency and 100 percent client compliance. In fact, half of our engineers are dedicated to security and risk management, which illustrates the significant investment we're making to stay on top of regulatory requirements.”

Beyond the recent hires, Prime Trust has top talent across the organization, including an array of former regulators, prosecutors, and law-enforcement officials. The company's leadership team, for example, also includes the following executives:

  • Matt Parrella, General Counsel – professional experience includes: Assistant DA (Suffolk County in the State of New York) and Assistant U.S. Attorney (San Jose Branch Chief, Chief of the Computer Hacking and Intellectual Property Unit)
  • Tiago Requeijo, Chief Data Officer and Chief Technology Officer – professional experience includes: Certified Data Analyst, Securities Exchange Commission, Goldman Sachs, Stanford Ph.D. Mathematics
  • Tom Pageler, CEO – professional experience includes: special agent with the U.S. Secret Service (DHS and Treasury)
  • John Zelazny, Chief Privacy Officer and Vice President of Risk Management – professional experience includes: military intelligence officer
  • Amanda Ortega, Chief of Regulatory Affairs – professional experience includes: Deputy Banking Commissioner of Wyoming

For more company updates or to learn about career opportunities with Prime Trust, visit www.primetrust.com.

About Prime Trust
Founded in 2013 and based in Summerlin, Nev., Prime Trust enables fintech innovators to quickly launch and scale their businesses. We are the one-stop shop for API-enabled financial infrastructure including payment processing, compliance, alt-asset custody, accounts for individuals, businesses, and IRA's, crypto on/off ramps and trading, counterparty transaction settlement, white-labeled debit cards, securities escrow, specialized trustee, and related services – all run on our proprietary core system. Prime Trust has top engineering talent along with executives that have regulatory and financial services backgrounds from the OCC, SEC, Federal Reserve, Department of Justice, US Treasury/Secret Service, Wyoming Banking Division, JPMorgan Chase, Green Dot, American Express, PNC, Bank of America, and Visa. For more information, visit www.primetrust.com.

MEDIA CONTACT:
Laura Waldron, Interdependence PR for Prime Trust
313251@email4pr.com 
(949) 777-2485

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/prime-trust-bolsters-regulatory-bench-with-new-hires-from-the-occ-and-chief-operating-officer-301321370.html

SOURCE Prime Trust

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