Toronto, Ontario–(Newsfile Corp. – June 16, 2021) – DelphX Capital Markets Inc. (TSXV: DELX) (“DelphX“) is pleased to announce the appointment of industry veterans Salim Hasham and Joe Castelluccio to its Strategic Advisory Board. The Company is assembling a team of bond and financial industry experts to spearhead the launch of the DelphX Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs). Forming an advisory team of global fixed-income professionals is an important next step as the Company introduces its suite of industry-first products to major institutions.
Advisor Salim Hasham
Salim Hasham is currently a Director and Global Head of Business Transformation Partnerships at Google. A key part of his role at Google is to help couple the thinking of the world’s best strategy firms with Google’s engineering talent to transform visionary concepts into finished products and applications. Prior to Google, he had nearly 20 years of experience involved in a wide range of financial services projects, including nine years as a Partner at McKinsey & Company and PricewaterhouseCoopers.
He is a leader in strategy, organizational design, operations and risk management, as well as a recognized authority on innovative disruption and accelerated growth. He has particular expertise in driving growth while managing cyber security/financial crime and crisis management. As a recognized industry expert, he is frequently asked to provide perspective to organizations such as the UN, OECD, and industry/regulatory bodies, keynotes to client executives and white papers for governmental agencies. His published commentary can be read on the McKinsey Global Institute, McKinsey on Technology, McKinsey on Risk and other industry/media outlets.
Advisor Joe Castelluccio
During his four decades in the bond markets, Joe has written extensively on fixed income topics, making him a familiar industry commentator and frequent keynote speaker at conferences and seminars.
A published author, his book The Investor’s Survival Guide is recommended reading for investors seeking to make informed investment decisions, with special emphasis on the value of fixed income in a model portfolio. His experience in the bond markets includes roles as a trader and manager of corporate bond trading desks. He continues to be active in trading and creating Structured Products, specifically floating rate corporate bonds linked to equities, commodities, indices and the yield curve. He is a past president of the Corporate Bond Traders Club of N.Y. and a proud veteran of the United States Marine Corps.
“Joe and Salim bring us a wealth of real-world experience in the financial industry, with decades of knowledge we can draw on as we work to solve the unmet challenges in our target markets,” said DelphX CEO Patrick Wood. “That kind of practical experience is essential for a company such as ours during the start-up phase, as we tailor our products and message to best serve the largest segments of this massive multi-trillion-dollar space. We are really encouraged by the caliber of our strategic advisory team, who will be a valuable resource as we educate potential clients and partners on the advantages of the DelphX platform.”
DelphX is a technology and financial services company focused on bringing new and exciting alternatives to structured product and credit markets. Through its special purpose vehicle Quantem and its broker-dealer DelphX Services Corp, it enables fixed income dealers to offer new Rule 144A securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield. The new DelphX platform will be regulated by the SEC and enable dealers to competitively structure, sell and make markets in:
- Collateralized Put Options (CPOs) that provide secured default protection for underlying corporate, municipal and sovereign securities, and
- Collateralized Reference Notes (CRNs) that enable credit investors to take on the default exposure of a single underlying security in exchange for enhanced yield.
All CPOs and CRNs will be fully collateralized and held in custody by an independent custodian. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets Inc.
For more information about DelphX, please visit www.delphx.com.
Patrick Wood, President & CEO
DelphX Capital Markets Inc.
E: [email protected]
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Newsfile Corp.June 16, 2021 – 5:00 AM PDT