Dr Foley’s task will be to focus on the transformative nature of Blockchain for Equiniti and the opportunities it may bring its clients in terms of cost and speed, security and traceability. Inherent in Blockchain technology is the need to take a collaborative approach and there will be multiple opportunities in sectors such as payments and securities as well as in new markets. Equiniti will be working with leading third parties in both industry and academia and has established a dedicated research and development team at its Cardiff Fintech Centre of Excellence to focus on this work.
Guy Wakeley, CEO of Equiniti, commented on the appointment: “Since Equiniti acquired Dr Foley’s business he has worked closely with the team to build our financial technology offering to where it is today. We are looking forward to him helping us build our Blockchain capability, which is being described at this year’s Sibos as the application of 21st century technology to the post-trade space.”
For further information please contact:
Nicolls & Co
Tel: +44 (0) 7798 626 281
Temple Bar Advisory
Tel: +44 (0) 20 7002 1080
Notes to Editors:
Dr Michael Foley joined Equiniti in 2012 when they acquired peterevans, the company of which he was the owner and CEO. He was one of the founders of the company helping to grow it from a two-man start-up to one of the leading providers of front and back office systems to international banks, stockbrokers, custodians and wealth managers. In 2010 he led the development and launch of the first real-time stock dealing iPhone app in the UK. After managing the successful integration of peterevans into the Equiniti group he was appointed to the role of Chief Strategist for the group in 2015.
Michael’s first degree was a BSc in Electrical and Electronic Engineering (Class I) from Cardiff University. Following a spell in industry he returned to the University to research Microprocessor Applications in Local Area Networks for which he was awarded a PhD. In 2015 Michael was appointed to the Confederation of British Industry Wales Council.
Equiniti is a specialist outsourcer delivering technology-enabled solutions to large enterprises. It processes £90bn in payments every year, handles 88 million documents and pays 20 per cent of pensioners in the UK. We are acknowledged leaders in many of our markets and keep things running smoothly for some of the UK's best-known brands and public sector organisations.