Fidelity Investments Welcomes New Expert: Focusing On Strategy

The major financial services company Fidelity Investments welcomes a new member in its team this month. The company has hired Michael Zinaman as its product specialist in order to further develop a range of products in the company.

As we can see from reports by the Block now featured in the cryptocurrency news, Zinaman had joined the financial services company Fidelity Investments and will reportedly oversee the strategy on cryptocurrencies, custody as well as execution services.

As Fidelity Investments welcomes the new team member, we can see that he is not actually that new to the firm. Zinaman started the new position as a product specialist at Fidelity over a month ago, where he was hired in order to focus on the company and its cryptocurrency strategy.

As a source familiar with the matter said, Fidelity Investments welcomes Zinaman as a product specialist now after seeing what he can do and proving his knowledge. By looking at the LinkedIn profile of Zinaman, we can see that before being hired by Fidelity, the product specialist worked as a managing director of blockchain and digital assets at Canaccord Genuity. Before this position, he was a senior vice president at Imperial Capital – the full-service investment banking firm.

Fidelity Investments welcomes Zinaman in an attempt to get the entire strategy for its newly launched cryptocurrency custody service fully reviewed. He will apparently oversee everything and ensure the best case scenario. The CEO of Fidelity Investments, Abigail Johnson, recently revealed that the company is ready to roll out its crypto custody business after a year-long preparation and accumulation of clients.

Days before this launch, Kathleen Murphy who is the personal investing president at Fidelity Investment, expressed her confidence in the company’s careful approach when it comes to trading cryptocurrencies.

“You know, we’re really careful about that. So while we embrace crypto in terms of trying to understand it and be innovative and thoughtful… We’re also very careful about where we offer those types of things, so they’re not offered broadly on the retail platform. We want to be very careful about making sure that investors who really aren’t institutional investors […] don’t make a mistake with cryptocurrency,” Murphy noted

As you can see, she was also pointing out to the fact that the firm does not offer crypto on retail trading platforms to protect its clients.