Ripple, a popular blockchain payments network, has hired a new general counsel, filling a position that had been vacant since September 2018. According to a January 30 press release, Stuart Alderoty has joined the company as General Counsel and will be reporting to Brad Garlinghouse, the CEO of Ripple. Alderoty will manage Ripple’s global legal, policy, and Bank Secrecy Act (BSA) compliance teams, the company announced in the release. He succeeded Ripple’s former general counsel Brynly Llyr, who left the company in September.
Brad Garlinghouse said that Alderoty will bring the experience and expertise necessary for Ripple to grow – he served as Executive Vice President, General Counsel and Corporate Secretary at CIT, a leading financial institution. Prior to CIT, Alderoty was Executive Vice President and General Counsel for HSBC, as well as American Express.
“I am thrilled to join Ripple and work alongside this great team Brad has assembled as we find new ways to partner with leading policymakers and continue to create significant solutions for Ripple’s users and end-customers throughout the world,” Alderoty said of his transition to Ripple.