Parity Technologies Adds Three Senior Execs to Its Team

Parity Technologies Adds Three Senior Execs to Its Team

Prominent figures from Microsoft, Marshall Wallace, and Symphony Communications join Parity's talented team.

Parity Technologies, a London-based blockchain infrastructure firm founded in 2015, has recently enlisted three new execs onto its leadership team

The new hires include Eran Barak who joins the team as COO, Peter Ruchatz as CMO and Fahmi Syed as CFO. Barak, who previously worked at Amdocs, Symphony Communications, and Thomson Reuters, is a growth business leader who has over 20 years of experience in the field.

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On top of that, Ruchatz has held senior roles at American-based cloud software company Salesforce, as well as tech giant Microsoft, and now will be responsible for overseeing communications and marketing. Likewise, Syed previously worked at hedge fund Marshall Wace and later on in a London-based global investment management organization FIFTHDELTA.

Parity Technologies, founded in 2015 and led by CEO Gavin Wood, is an infrastructure-driven business that has over 260 blockchain innovators and core engineers in 44 countries. The firm has currently established its offices across Germany, Portugal, and the United Kingdom.

The fact that Parity Technologies carried out the initiative shows that the company remains strong despite the harsh market conditions. On the contrary, various major corporations are laying off a significant portion of their workforce. The constantly growing list now includes Banxa, Gemini, Coinbase,, Robinhood, Huobi Global, and Celsius.

However, it seems as though the current crypto bear market didn't prevent several other crypto-driven companies to welcome new hires. For instance, earlier this month, hedge fund Pantera Capital announced that it would be onboarding JPM’s former executive Samir Shah who will become the company’s chief operating officer (COO).

Likewise, back in June, Trust Machines, a company that seeks to create the biggest ecosystem of Bitcoin (BTC) apps, revealed that it hired BNY Mellon’s former deputy general counsel Manas Mohapatra and former Coinbase COO Asiff Hirji.

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree