Former Citigroup Executive Joins Provenance Blockchain as CEO

Morgan McKenney is the latest in a growing line of Wall Streeters leaving traditional finance for the cryptocurrency space.

By Jamie Crawley

Mar 1, 2022 at 3:30 p.m. UTC

Updated Mar 1, 2022 at 4:12 p.m. UTC

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

The Provenance Blockchain Foundation has appointed veteran Citigroup executive Morgan McKenney as its new CEO.

McKenney had been with Citi for 18 years, most recently as chief operating officer of the lender's global consumer banking division.
Provenance is an open-source, public blockchain that was built specifically for the financial services industry and aims to help firms digitize and reduce costs and risks. More than $3 billion in transactions have been carried out on Provenance since its inception in 2013, and over 50 financial institutions now use the platform.
Earlier this year, a group of U.S. banks joined forces to develop a U.S. dollar-pegged stablecoin that will operate on Provenance.
McKenney joins a growing list of those moving from traditional finance to crypto. Most recently, late last week Goldman Sachs partner Roger Bartlett announced his exit from the investment bank to lead global financial operations at Coinbase (COIN).

Read more about

Provenance Citi Hires

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.