Symbiont, a developer of blockchain based smart securities that allows users to issue, manage, locate and trade programmable securities on blockchain, has appointed two new members to its Advisory Board.
The tenure of industry veterans Maureen O’Hara and Dr. Keith B. Jarrett is intended to provide expertise and guidance to the company on market structure and integrating disruptive financial technologies.
As well as her current position as Chairman of the Board of Directors of Investment Technology Group, Inc, Maureen O’Hara (not the famous actress of the same name) has also been the president for major economic and financial industry organizations, a member of the CFTC-SEC Emerging Regulatory Issues Task Force, the Global Advisory Board of Securities Exchange Board of India (SEBI) and the Advisory Board of the Office of Financial Research in the U.S. Treasury. In addition to this, she is also on the Board of Fortune 100 company Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA-CREF) and is the Robert W. Purcell Professor of Finance at the Johnson Graduate School of Management, Cornell University. Her long list of achievements and years of experience will likely be invaluable to Symbiont.
Dr. Jarrett also holds impressive credentials which range from being a private equity investor and advisor, to university educator in entrepreneurship and board member for various finance and technology firms. Before these positions, however, he spent 20 years developing and implementing disruptive information technologies into the financial and banking industry for Thomson Financial, of which he was a founding executive. In his time with Thompson Financial, Dr. Jarrett developed and promoted intelligent PC workstations, Wall Street research distribution and accessability, Straight thru Processing andd electronic trading. Symbiont CEO and founder, Mark Smith, is understandably excited to have them on the Advisory Board.
Equally excited by the prospect of the technology, Dr. Jarrett pointed out the potential benefits of the advancements of a “a virtually hack-proof peer-to-peer network, with a universally replicated database and no master server, which is also broadly accessible for permissioned users.”, before adding that the “potential material improvements in efficiency, cyber-security, liquidity, and counterparty risk.” were self-evident.