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Silvergate Announces Addition of Alaric Eby as Chief Product Development Officer
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Rhea-AI Summary
Silvergate Capital Corporation (NYSE:SI) announced the appointment of Alaric Eby as Chief Product Development Officer. Eby, previously with American Express, will spearhead the company's growth strategy and enhance its product offerings for the digital asset sector. His experience includes developing new payment systems and expertise in blockchain technology. CEO Alan Lane emphasized the importance of customer feedback in shaping future solutions. This strategic hire aims to solidify Silvergate’s leadership in financial infrastructure for digital currencies.
Positive
Appointment of Alaric Eby as Chief Product Development Officer to drive growth.
Eby's experience in blockchain and payments supports Silvergate's expansion in the digital asset industry.
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LA JOLLA, Calif.--(BUSINESS WIRE)--
Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital currency industry, today announced that Alaric Eby has joined its team as Chief Product Development Officer. In this role, Alaric will be a key driver in executing Silvergate’s growth strategy by leading the Company’s product function and expanding our solutions to support the digital asset industry.
Before joining Silvergate, Alaric was Vice President of New Product Development at American Express for Amex Digital Labs, where he identified business opportunities and launched new products across several industries. He also served as the blockchain and crypto specialist and co-authored patents related to blockchain, security and payments.
Prior to his role in new product development at American Express, Alaric launched Amex Express Checkout, leading the creation, development and delivery of the new payments system. Alaric also led product launches at TravelClick Inc., which was acquired by Amadeus Hospitality, and at Citigroup.
“At Silvergate, we are committed to listening to our customers and leveraging their feedback and insights to build new financial solutions for the digital asset industry,” said Alan Lane, Chief Executive Officer of Silvergate. “Alaric’s experience leading product teams and developing new products will be instrumental as we build the next generation of solutions that aim to solve problems for our customers.”
“We’re excited to have Alaric join us at Silvergate,” said Ben Reynolds, Chief Strategy Officer of Silvergate. “His understanding of blockchain technologies and payments will help us strengthen our platform, further solidifying our position as a leader in financial infrastructure for the rapidly growing digital asset industry.”
About Silvergate
Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future.
Who is Alaric Eby, and what is his role at Silvergate (NYSE:SI)?
Alaric Eby is the newly appointed Chief Product Development Officer at Silvergate, responsible for leading product functions to support digital assets.
How will Alaric Eby impact Silvergate's growth strategy?
Eby will enhance product offerings and drive Silvergate's growth strategy by leveraging his experience in blockchain and payment systems.
What is Silvergate's focus in the digital currency industry?
Silvergate focuses on providing innovative financial infrastructure solutions for the growing digital currency industry.
What prior experience does Alaric Eby have before joining Silvergate (NYSE:SI)?
Before Silvergate, Eby was VP of New Product Development at American Express, with expertise in blockchain and payment systems.
