VAKT appoints Etienne Amic as new CEO

LONDON – February 13, 2019, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces the appointment of Etienne Amic as its new CEO. Mr Amic brings a wealth of experience to the role that matches VAKT’s ambition to change the face of physical commodities trading by eliminating reconciliation and paper-based processes. Built using blockchain technology, the platform provides a single source of truth for buyers and sellers that is safeguarded with an immutable, distributed audit trail. It promises major efficiency gains and cost savings for post-trade processing, including trade finance, and marks one of the world’s first fully operational enterprise-grade blockchain solutions. Mr Amic brings direct experience in commodities trading, having served as a managing director at both Mercuria Energy Trading S.A. and JP Morgan Chase. He most recently served as co-founder and chairman of Vortexa, a cargo and analytics company focused on global crude oil and refined products markets, and as founding partner at CommodiTech Ventures, a firm funding the next generation of commodities technology and innovative business models. Commenting on his appointment, Mr. Amic said: “For some years now I’ve steered my career according to the knowledge that technology will fundamentally change the physical… continue reading

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Source: CTRM Center

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