SAN FRANCISCO — Ripple, a provider of leading enterprise blockchain solutions for global payments, today announced Stuart Alderoty has joined the company as General Counsel, reporting to Chief Executive Officer Brad Garlinghouse. In this role, he oversees all legal services and manages the company’s global legal, policy and Bank Secrecy Act (BSA) compliance teams.
“As we continue to work with financial institutions and regulators across the globe to drive home the importance of fostering innovation while protecting consumers, I could not think of a better addition to Ripple’s leadership bench and our global legal team than Stuart,” said Brad Garlinghouse, Ripple CEO. “He brings a level of experience and expertise that will be vital in supporting not only Ripple’s growth but growth of the overall industry.”
Mr. Alderoty brings more than 30 years of legal experience to the role with expertise in banking and regulatory affairs. He is joining Ripple from leading financial institution, CIT, where he served as Executive Vice President, General Counsel and Corporate Secretary, and was responsible for all legal, corporate governance and insurance risk management matters. Prior to CIT, he was Executive Vice President and General Counsel for HSBC North America. Prior to HSBC, Alderoty was Managing Counsel at American Express and served on the leadership team of the President and CEO of the U.S. consumer business. Prior to that, Alderoty was a partner with the law firm of LeBoeuf, Lamb, Greene & MacRae, specializing in litigation.
“Blockchain technology is transforming the financial services industry and Ripple has been at the forefront for both its technology and thoughtful approach to policy,” said Alderoty. “I am thrilled to join Ripple and work alongside this great team Brad has assembled as we find new ways to partner with leading policy makers and continue to create significant solutions for Ripple’s users and end-customers throughout the world.”
Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network (RippleNet), financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. With offices in San Francisco, New York, London, Mumbai, Singapore and Sydney, Ripple has more than 200 customers around the world.