FOR IMMEDIATE RELEASE: Decryptex adds two new Advisory Board members Adding advisors in the area of regulation, sound practices and trading management to its current board of corporate, fiduciary, and technology expertise. New York, NY. April 1, 2015-- Decryptex, the nation's leading financial data laboratory, announces the appointment of two new Advisory Board members: John G. Gaine and Robert K. Difazio. "Jack and Bobby join our other board members and enhance the direction of our product and the strength of our company. This group of industry leaders, fulfill the firm’s initiative of a consortium based model very well." said Daniel Cashion, Chief Executive Officer. "By combining the increase in number and size of recent fines and indictments with the new technology being utilized by regulators, one finds empirical proof that a 21st century market and trade surveillance strategy is now the minimum requirement. Decryptex is uniquely situated as the leading third party provider to address reputational risk and monetary fines." John G. Gaine is the Managed Funds Association (www.managedfunds.org) President Emeritus, a role he assumed in February 2008 following a ten-year tenure as president. While at MFA, early on he recognized that the field of alternatives had explosive growth potential well beyond managed futures products which were then the focus of MFA’s activities. In the wake of the Long-Term Capital Management episode, he recognized that the MFA would have to broaden its scope to encompass regulatory and legislative issues affecting hedge funds as well as those of commodity pool operators and commodity trading advisors. He was instrumental in making the MFA not only the key advocate for CPOs and CTAs but the global voice of the hedge fund industry, a position it enjoys today. Under his leadership, MFA addressed the enormous challenges of increased legislative and regulatory threats, allowing MFA to assume its significant representative role for all market participants in this international industry. Prior to MFA, he worked in private practice specializing in commodity related areas and from 1977 to 1981, he served as General Counsel of the Commodity Futures Trading Commission. Mr. Gaine received his B.A. from the University of Notre Dame, and his LL.B. from Harvard University. He is admitted both to the Washington, D.C. bar and the New York bar. Robert K. DiFazio is currently Managing Partner of RKD Advisors, an independent consulting firm to both public and private financial services firms. In addition, Robert serves as CFO of Phoenix Power Group, a leading construction services company which provides engineering, construction and procurement services for utilities, institutions and private industry that develop gas, fossil fuel and renewable energy assets. Prior to his current responsibilities, Robert spent his entire career (1982-2003) managing the institutional equities business developed at Citigroup (Smith Barney, Salomon Smith Barney and Citigroup Global Markets). As Co-head of Global Equities, his primary responsibilities included management and supervision of all cash, derivative and capital markets trading desks globally (NY, London, Tokyo, Hong Kong and Sydney). During this period, he also served on the Market Performance Committee of the NYSE as well as an active Board member of NOIP (National Organization of Investment Professionals). DiFazio currently serves on the Executive Committee of the BEF Foundation (created to fund research to find a cure for cystic fibrosis). He graduated with a BA (Honors) from Villanova University and has an MBA from Stern School of Business at New York University. Ab o u t D e c r yp te x As the nation's leading institutional data scientists, focusing solely on financial institutions, Decryptex enables their client base to bring their surveillance strategy into the 21st century. The firm was founded in 2014 and with its team of market veterans has made an immediate impact on the surveillance and compliance landscape. Media Contact: [email protected], 212-203-8900
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