Fnality International has named Michelle Neal as its new CEO, succeeding Rhomaios Ram, who has led the company since 2019. Neal’s arrival follows the launch of the Sterling Fnality Payment System (£FnPS) in December 2023, a regulated wholesale payment system based on distributed ledger technology (DLT).
Neal is expected to take up the role in early 2025. Rhomaios Ram will transition into an advisory role, where he will continue to contribute to product strategy, customer acquisition, and regulatory discussions, as mentioned in a press release. During his tenure, he oversaw key developments, including the launch of the £FnPS.
Experience
Michelle Neal brings significant experience from her career in banking and financial markets. She has held senior roles at major institutions such as BNY Mellon, Deutsche Bank, and Nomura. Most recently, she was Head of the Markets Group at the Federal Reserve Bank of New York, where she also served on the bank’s Executive Committee. Her background positions her well to lead Fnality as it seeks to grow its network of distributed Financial Market Infrastructures (dFMIs) and expand internationally.
The chair of Fnality’s board, David Eisner, acknowledges Ram’s contributions and highlights Neal’s expertise in navigating the financial sector’s complexities. Eisner described her appointment as a step forward as Fnality aims to expand its reach and strengthen its position in the digital payments ecosystem.
