Michelle Neal, Executive Vice President of the New York Federal Reserve, will serve as the CEO of the DLT settlement platform Fnality.

Fnality International has announced the appointment of Michelle Neal as its new Chief Executive Officer. Neal is currently the Executive Vice President and Head of Markets at the New York Federal Reserve Bank (NY Fed) and will join Fnality in the first quarter of 2025. She has industry experience at Bank of New York Mellon, Deutsche Bank, Nomura Securities, Royal Bank of Canada, and Royal Bank of Scotland.

Fnality is a DLT settlement platform that launched the Sterling Fnality payment system last year, supported by 20 global institutions. Angus Fletcher is the CEO of Fnality UK. The company's system relies on a consolidated central bank account that holds funds to support tokenized central bank currencies. The platform plans to launch solutions for the US dollar and euro, which require approval from the respective central banks.

According to previous reports, Fnality's founding CEO Rhomaois Rham plans to resign.