Ex-BlackRock CEO Becomes New CEO of Blockchain Australia

Blockchain Australia – a trade body representing Australian companies and individuals involved in the crypto industry – has announced the appointment of Laura Mercurio as its next CEO. She has a wealth of experience in the financial field and previously worked at BlackRock, Deutsche Bank and Citigroup.

Recently, many other individuals who were part of monetary institutions and even government officials have moved into the field of digital assets. One such example is Brian Brooks, who served as the US cryptocurrency watchdog during the Donald Trump administration and is now CEO of crypto infrastructure provider Bitfury.

Mercurio to be the “leading voice in this mature industry”

In a recent announcement, Blockchain Australia revealed that Laura Mercurio will enter her new role starting Monday (September 12). The organization believes that it can successfully work with regulators and local government as officials in the country move to implement a regulatory framework for the digital assets sector.

Mercurio joined Blockchain Australia after spending years in prominent finance, technology and consulting firms. First, she was part of Citigroup between 2001 and 2005, while later she was appointed to the position of Chief Executive Officer of Global Operations at BlackRock. Speaking about her new career chapter, she said:

“I am very excited to take on the role of CEO of Blockchain Australia, to be the leading voice in this mature industry and to lead innovation and change for Australian companies in the blockchain space.

With the rapid adoption of Blockchain and crypto assets, there are opportunities for this technology to fundamentally change the way industries solve everyday problems. I look forward to developing the innovation ecosystem and working closely with members, industry, governments and regulators to deliver digital solutions.”

For his part, Adam Bolton – Chairman of the Board – believed that Mercurio “brings unique passion, energy and enthusiasm” and would be a good match for the unit.

He will succeed the new CEO, Steve Fallas, who has taken over for the past two years. Blockchain Australia thanked him for attributing it throughout his reign.

From traditional finance to cryptocurrency

Speaking of people who made their name in traditional finance but later moved into the crypto world, it’s worth mentioning Brian Brooks. The US attorney served as the acting financial controller of the United States currency between May 2020 and January 2021.

Later, however, Binance’s US subsidiary, Binance Corporation, appointed him as CEO. His reign there was not long, and in November 2021 he moved on to become the new CEO of Bitfury.

Philip Hammond is another example. The former British Chancellor of the Exchequer is now an advisor to cryptocurrency firm Copper. Earlier this summer, he called on British authorities to focus on the digital asset industry so that the country could better manage its economic issues.

The former CEO of BlackRock after becoming the new CEO of Blockchain Australia made his debut on CryptoPotato.

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