BCB Group announced it has secured the services of Chris Aruliah as its Chief Product Officer, effective from June 2021.
Finance Magnates recently received an official press release reporting that Chris Aruliah, a veteran with decades of experience in the fintech industry, has been named by BCB Group, a leading business accounts and trading services provider for the digital asset economy in Europe, as its new Chief Product Officer.
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Aruliah brings extensive experience in crypto and TradFi product knowledge as well as banking and trading relationships to BCB Group. The timing of this hire comes as BCB is experiencing rapid growth, which is continuing to accelerate.
He is said to be uniquely suited to the role and will navigate BCB’s ambitious roadmap. Additionally, he will lead the product offering that includes the wider rollout of BLINC, BCB’s instant global payments network. The launch happened last year. Further, a variety of other future products and services will be released later in 2021.
A Review of Aruliah’s Vocational Past
Concurrently, Aruliah is serving two organisations. He is Head of Business Development at Bitstamp which began in December 2020. Also, at Tokenplace he has been an Advisor for the last year, according to his LinkedIn profile.
Prior to the announcement, Aruliah initially served the crypto exchange Bitstamp as its VP of Business Development. His responsibilities consisted of business development, helping financial institutions enter crypto markets and identify opportunities to integrate crypto with traditional finance.
Before that, Token Inc. utilised Aruliah’s skills to fulfil the role of VP of Business Development. For close to three years, he was responsible for launching the company and building Token’s pipeline in Europe. Moreover, he secured Token’s initial clients in Europe.
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In August 2012, Aruliah joined Monitise as its Pre-Sales Director. He provided pre-sales support for direct and channel sales across Europe. From there, he received a promotion to VP of Business Development & Pre-Sales where he led business development and pre-sales in its European sales team.
ClairMail benefited from his services as a Senior Director of Technical Sales. From June 2010 to August 2012, Aruliah established the company’s European office and part of the team that built its business in Europe.
Additionally, in July 2004, Yodlee Inc recruited him as Product Director. He worked as part of the European sales team to build its International business over six years. He combined technical sales and business development and with his colleague established Yodlee’s business in Europe.
Further, he spent four years at Business Objects as an eCommerce Manager from 2000. Before then, Seagate Software / Crystal Decisions hired him as a Technical Product Manager. However, Aruliah’s earliest known position was in pre-sales for Holistic Systems / Seagate Software which began in 1991.
Oliver von Landsberg-Sadie, Founder and CEO of BCB Group, commented: “Chris joins us at a time where we need that rare talent able to embrace and accelerate the scale-up opportunity ahead of us. He brings with him a peerless combination of crypto and TradFi depth of product experience, astute commerciality, and a constellation of banking and trading relationships.”
Chris Aruliah added: “I am thrilled to be joining BCB at this exciting time in BCB’s growth. The crypto market is evolving and maturing at pace, and for years traditional banks have been reluctant to serve the industry, and this has created the opportunity for BCB to be the trusted banking and payments partner for any firm in the crypto economy. We were the first in Europe to launch a real-time payment and settlement network, BLINC, for participants in the digital asset ecosystem, and have plans to expand and go beyond this, launching a range of new products and services later this year.“
While BCB Group focuses on institutional payment services, it also provides business accounts, cryptocurrency and foreign exchange market liquidity for some of the largest crypto financial institutions, including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken.