Cryptocurrency lending and borrowing platform Celsius on Tuesday said it appointed Rod Bolger as its new chief financial officer. Bolger will focus on implementing financial controls to continue safeguarding client assets and further strengthening scalable frameworks that position Celsius as a global leader in crypto.
The news from the Hoboken-based firm follows the previously announced appointments of Aslihan Denizkurdu as chief operating officer and Tushar Nadkarni as chief growth and product officer, two leaders with deep experience in financial services and consumer technology. Bolger will report to Alex Mashinsky, CEO.
Bolger brings over three decades experience from top industry players, including Bank of America, Citigroup and PricewaterhouseCoopers. Most recently, Bolger served as CFO at RBC, Canada’s largest bank, and one of the Top 25 financial institutions in the world. His deep understanding of how global financial organizations operate will be critical to Celsius’ current growth stage and empower the business to expand with end-user security at top of mind.
With extensive experience in mergers & acquisitions and initial public offering transactions, Bolger also brings important industry knowledge to the Celsius team as it continues to position itself as the global leader in crypto lend and borrow services for institutional and retail clients.
“Celsius Network’s mission of bringing the next 100 million people to financial freedom on the Blockchain rails involves building a bridge between (traditional finance) and (centralized finance) as well as paving roads between the 200 different blockchains that exist in the digital asset space. Rod is not just a world class CFO, but a master builder, which will be critically important as we grow Celsius and CelsiusX to lead the Crypto revolution and show the world that doing good — and then doing well — is the best business model,” Mashinsky said.
This comes at a pivotal time, as the company recently closed its oversubscribed Series B round of funding, and during a period of rapid regulatory change in the financial services industry, which Bolger is uniquely positioned to handle.
“I am thrilled for the opportunity to join such a fast-growing mission-based company such as Celsius,” Bolger said. “Alex is a remarkable leader looking to transform financial services. Celsius is innovating many solutions for people to achieve financial freedom in a transparent, safe and rewarding way. I feel fortunate to be able to bring my traditional finance and banking experience to help grow this visionary global company.”