tZERO, a subsidiary of Overstock (NASDAQ:OSTK) and a leader in the security token issuance and trading sector, has announced several new hires.
According to the company, Brooke Navarro has been appointed Head of Issuance. Michael Mougias joins tZero as Head of Investor Relations and Alexandra Sotiropoulos is now Head of Communications.
tZERO CEO Saum Noursalehi commented on the new executive appointments saying the new hires are vital to their long-term strategy.
“On the issuance front, Brooke will drive strategic development of our security token ecosystem by focusing on the supply-side of the equation — working with issuers to bring more quality assets to the PRO Securities ATS. Mike and Alex will spearhead our efforts to continue to develop strategic market positioning for tZERO and engage with current and prospective investors, analysts, media and other tZERO stakeholders. These newly formed roles at tZERO round out the management team and are key to ensuring our continued success. I am proud of the milestones that we have achieved already this year and look forward to what will be achieved through the acquisition of such strong talent.”
As Head of Issuance, Navarro will work to find companies that are interested in raising new capital through security token offerings or tokenizing their existing cap tables to facilitate secondary liquidity and other objectives.
She will also explore strategic partnerships to help scale adoption of tZERO’s technology.
Prior to tZERO, Navarro was a Managing Director in Investment Banking at Barclays, where she helped lead the Technology, Media and Telecom Equity Capital Markets team. In that role, she advised both U.S. and international clients on IPOs, follow-ons, convertibles and private placements, helping to raise more than $35 billion in capital. Navarro received an M.B.A. from Columbia Business School and a B.A. from The George Washington University.
Mougias will lead the development of tZERO’s investor relations strategy. Before joining tZERO, he served as Head of Investor Relations at IMAX Corporation, an entertainment technology company, where he ran investor relations for its NYSE and HKSE listed entities.
Sotiropoulos will oversee tZERO’s communications function. Previously, Sotiropoulos was at Intermarket, an independent provider of public relations and marketing services to clients in the global financial services industry.