BlockFi Hires Former Intermex Exec Tony Lauro as Chief Financial Officer
1-09-2020, 10:34 24
Copyright on text and image: BlockFi.com
Lauro’s hiring is another strong example of how BlockFi has matured and become more sophisticated as a financial institution. Our new CFO will accelerate BlockFi’s momentum in becoming a mainstream financial services provider for anyone looking to grow their wealth.
“BlockFi is doing extraordinary work in bringing crypto to a wider audience of investors. The company is adding greater efficiencies to the flow of capital, and providing critical financial services for the fast-growing crypto market,” said Lauro. “I’m thrilled at the opportunity to work with Zac again, and to help BlockFi realize its tremendous potential while strengthening the company’s standing as a leader in the digital asset space.”
Lauro brings decades of experience to the CFO role. He most recently worked at Intermex as Chief Financial Officer, and helped take IMXI public in 2018. Prior to Intermex, he served as the President and Chief Financial Officer of Cognical, Inc., where he worked alongside BlockFi Founder & CEO Zac Prince.
Lauro also held numerous roles over nine years at Capital One, including CFO of the Prime and Superprime credit card portfolios, which totaled $22B in assets at the time. From 2013 to 2016, he was the CFO of the Merchant Services division of JP Morgan Chase, which was the largest merchant acquirer by volume in the US at the time. While at Chase, Mr. Lauro also served as Chairman of the Board of Directors at Merchant Link, a joint venture of JP Morgan Chase and First Data Corp.
In the past, Lauro held various divisional CFO roles at the Royal Bank of Scotland, Citizens Bank, and Capital One Financial. At the Royal Bank of Scotland he was the interim CFO of the Transaction Banking division, which operated in 54 countries.
“We’re excited to welcome Tony to the BlockFi team,” said Prince. “His wealth of experience across financial services will be a strategic asset for BlockFi as we continue to grow rapidly and expand our product suite.”
Lauro holds a bachelor’s in Finance from James Madison University and an MBA from the College of William and Mary, Mason School of Business. He currently resides in Miami, Florida, with his wife Julie, and enjoys boating, fishing, and cycling.