Symbiont, an enterprise fintech company that builds financial markets infrastructure using blockchain technology, has hired Joe Ziccarelli in New York to work in its FICC group.
Symbiont’s FICC team leverages Symbiont Assembly – which is a blockchain platform designed to create efficiencies, eliminates manual data replication and reconciliation processes, and enables real-time data sharing with complete privacy – to attempt to simplify the infrastructure of institutional capital markets.
“Joe and I have worked together for over two decades and his instinct to capitalise on opportunities and drive growth is unmatched,” says Mark Smith, CEO and co-founder of Symbiont. “I’m confident Joe will make an immediate impact on Symbiont and accelerate the expansion of our FICC business.”
Profit & Loss reported last week that Ziccarelli had left CLS, where he had been a managing director and the head of sales since 2015.
Prior to CLS, Ziccarelli served as the COO for global FX markets at Jefferies for over four years, Before that, he held managing director roles at Bank of America and HSBC and vice president roles at Deutsche Bank, Bankers Trust and First Chicago in a financial services career stretching back to 1989.
“I have been following Symbiont’s trajectory for years and recognise the tremendous need for enterprise blockchain in financial services,” says Ziccarelli. “Symbiont’s technology is a real solution to critical inefficiencies in capital markets that have been largely unaddressed. Symbiont is growing rapidly and I am eager to hit the accelerator and introduce blockchain technology to institutions that are in dire need of it.”