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  • Blockchain analytics provider appoints chief legal officer
  • The creator of a crypto-focused team at the US Department of Justice has reportedly left his post

PolySign subsidiary Stover MG recently appointed several executives to meet growing demand for its digital asset services. The fund administration company serves hedge funds, private equity funds and venture capital funds.

Hires included Patrick Clancy as Head of Digital Asset Strategy; Kenny Broom as a venture capital manager; Ray Kamrath as Chief Revenue Officer; Nik Rowlston as Head of Fund Services for Canada; and Brian Wolf as Senior Vice President of People and Culture.

Both Clancy and Broom previously worked at consultancy Armanino. Clancy was the managing director of digital assets, while Broom was a senior executive who performed financial statement audits of digital asset funds.

Kamrath was most recently the head of core institutional services at Amber Group and also previously held currency trading roles at Jefferies and Goldman Sachs.

Rowlston, who joined the firm to build a team of accountants and investor services professionals in Halifax, was previously managing director of fund administration at SS&C.

Wolf comes from Mediaocean, where he was also senior vice president of people and culture and worked at Kraken and Northern Trust.

blockchain analytics provider Ellipticalmeanwhile typed John Melican as the new chief legal officer after the executive joined the company in January as head of external affairs.

Melican has led teams focused on anti-money laundering, sanctions and anti-corruption compliance in financial institutions, most recently overseeing global financial crimes consulting at Exiger. He also led compliance functions at American Express, Bear Stearns and Bank of Tokyo-Mitsubishi.

Earlier in his career, Melican was an assistant district attorney in New York, specializing in the prosecution of money laundering and other financial crimes. He also spent time as a trial attorney for the New York Stock Exchange.

“The cryptographic analysis tools used in this industry to implement effective and efficient compliance programs, as well as the tools used by governments to regulate and investigate the industry, are essential to ensuring that cryptography is a part mature and well-regulated part of the global financial system,” Melican said in a statement.

Toposwarethe lead developer of the open interoperability protocol Topos, recently established its Technology Advisory Board to build expertise in distributed systems, cryptoeconomics, and business.

The unit’s first advisers are Vijay RaoDirector of Infrastructure at Meta, and Sara Tucci Piergiovannihead of laboratory and senior research engineer at the CEA List of the University of Paris-Saclay.

“Blockchain interoperability is an increasingly important feature to make the vision of the future Internet a reality, but it is still a big challenge to overcome,” Tucci-Piergiovanni said in a statement. “Toposware is working on very promising ideas today, still based on solid research, to make cross-chain interactions scalable and secure.

Nicholas McQuaidsenior assistant deputy attorney general of the criminal division of the United States Department of Justice, leaves his post, Bloomberg reported.

McQuaid created and led a team dedicated to investigating and prosecuting crypto-related schemes within the government agency, the outlet reported.

He worked at the White House from April 2013 to January 2017 as Deputy Counsel and Deputy Assistant to the President, according to his LinkedIn profile. He had spent the next few years as a partner in the law firm Latham & Watkins.

It’s unclear where McQuaid is heading. He did not immediately return a request for comment.


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  • Ben Strack is a Denver-based journalist who covers macro and crypto-native funds, financial advisors, structured products, and the integration of digital assets and decentralized finance (DeFi) into traditional finance. Prior to joining Blockworks, he covered the asset management industry for Fund Intelligence and was a reporter and editor for various local Long Island newspapers. He graduated from the University of Maryland with a degree in journalism. Contact Ben by email at [email protected]



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