Monaco Strengthens Management Team with Four Key Hires

Appointments of Chief Operating Officer, Chief Cybersecurity Officer, Chief Marketing Officer, and Platform Architect ahead of global rollout

 

<HONG KONG, December 19, 2017> — Monaco, the pioneering payments and cryptocurrency platform, today announced a series of new appointments to its senior management team, with Erald Ghoos as Chief Operating Officer, Sean Rach as Chief Marketing Officer, Ken Baylor as Chief Cybersecurity Officer, and Weiyi Zhang as Platform Architect.

Ghoos, Baylor, Rach, and Zhang will report directly to Kris Marszalek, Co-Founder and CEO of Monaco. “As Monaco continues our international expansion to fulfil our vision of putting cryptocurrency in every wallet, I am confident the combined expertise of Ghoos, Baylor, Rach, and Zhang will pave our way to global success,” said Marszalek. “We look forward to working together as a team to continue our efforts in being a fully-compliant industry leader in the cryptocurrency space.”

Erald Ghoos, Chief Operating Officer

Erald Ghoos joins Monaco as Chief Operating Officer coming from Payreto, a startup offering payment solutions to financial institutions, where he led the company as Chief Operating Officer in its growth from a single product business to a full-service, global solutions provider. Ghoos’ background also includes leadership roles in operations at companies including Funding Circle, AXA Bank, Equa Bank, and Paysafe. As Vice President of Risk and Financial Ops at Paysafe, Ghoos led a team of over 100 people responsible for risk, compliance, fraud, payments, banking network, bank relationships, underwriting, chargeback and collection handling, treasury, and reconciliation functions.

“My experience at Payreto and Paysafe will allow me to lead Monaco in its day-to-day operations and growth as we expand across the globe,” said Ghoos. “I look forward to joining the team and working to advance our mission to bring cryptocurrency to every wallet.”

Ken Baylor, Chief Cybersecurity Officer

Globally renowned security expert Dr. Ken Baylor joins the Monaco team as Chief Cybersecurity Officer. With over 20 years’ experience, Baylor is a leader in data protection, information security, and regulatory compliance. He founded the Vendor Security Alliance, an industry standard for evaluating third party vendor security, which is relied on by thousands of global companies. He previously held senior security and compliance positions at Uber, Pivotal, Wells Fargo, Symantec, and McAfee. Baylor holds CISSP, CISM, and CIPP/E certifications and was awarded Ph.D., law and MBA degrees.

“Security and compliance are of the utmost importance where cryptocurrency is involved,” said Baylor. “I am happy to join Monaco and lead the team in prioritizing our users’ safety.”

 

Sean Rach, Chief Marketing Officer

Sean Rach has joined Monaco as Chief Marketing Officer. In his role, Rach will be responsible for promoting Monaco’s global brand and building the company’s credibility with key stakeholders to establish the company as a thought leader and innovator in the industry. Rach joins Monaco from Prudential Corporation Asia, where he was Chief Marketing Officer and had championed the development of integrated marketing solutions for Prudential’s businesses in Asia. Prior to Prudential, Rach led the regional American Express account at Ogilvy & Mather, where his team launched the Cathay Pacific American Express card, one of the most successful co-brand cards to date. He also served as Managing Director of OgilvyOne Hong Kong, a 100+ person agency with clients including American Express, Western Union, BlackRock, SmarTone, and IBM.

“Monaco has an unrivaled value proposition for card holders. Joining the leadership team of Monaco at this stage of development is very exciting and I look forward to applying my experiences to expand the brand globally,” said Rach.

Weiyi Zhang, Platform Architect

Dr. Weiyi Zhang joins the Monaco team as Platform Architect. He was most recently Vice President, Quantitative Trading at AP Capital Management in Hong Kong, where he led the development of an algorithmic trading platform and managed the Asian market arbitrage portfolio. Zhang was previously Vice President of Electronic Market Making at JP Morgan, where he led volatility trading strategy and arbitrage strategy development in the automated market making business. Prior to that, he was Quantitative Trading Strategist of Equity Derivative Trading at Deutsche Bank. He had also spent four years as Research Scientist at European Organization for Nuclear Research in Switzerland, where he worked on the LHC-ATLAS experiment to search for the “God Particle”. Zhang holds a PhD in Computational Physics from the University of Pittsburgh.

“I am thrilled to join the Monaco team and apply the learnings from both banks and hedge funds to build a better product for Monaco’s customers,” said Zhang. “The vision we’re pursuing is bold and I’m confident we can meaningfully contribute to taking cryptocurrency mainstream.”

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About Monaco

Monaco Technology GmbH with a vison of Cryptocurrency in Every WalletTM is the pioneering payments and cryptocurrency platform. The Monaco Visa card and mobile app allow users to buy, exchange, and spend fiat and cryptocurrencies, such as bitcoin and ethereum, at perfect interbank exchange rates. Founded in June 2016, Monaco raised US$26.7 million through one of the most successful Token Sale events to date. The company is headquartered in Switzerland with offices in Hong Kong and Singapore.

For more information on Monaco, please visit mona.co. Monaco Visa cards can be reserved with the Monaco app, available for download for iOS and Android users.

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