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BlockFi Appoints Yuri Mushkin as Chief Risk Officer

Published, 20 July, 2021

JERSEY CITY, NJ, July 20, 2021 -- BlockFi today announced the appointment of Yuri Mushkin as Chief Risk Officer. Mr. Mushkin will oversee the firm’s enterprise risk management strategy and operations, encompassing its fast-growing institutional and retail businesses.

As BlockFi expands its trading, lending, custody, and asset management functions, he will be tasked with ensuring that the company’s risk framework continues to meet the rigorous standards of institutions and regulators.

Mr. Mushkin brings over 20 years of capital markets experience across the buy-side and sell-side, where he focused on enterprise risk, portfolio management, and analytics. Mr. Mushkin joins BlockFi from Beneficient Group, a private asset custodian and liquidity provider, where he served as Chief Risk Officer responsible for developing the central risk and data platform, harnessing new technologies and reporting financial and non-financial risk to the Board of Directors. Prior to Beneficient, he was co-head of the McKinsey & Company Traded Risk service line, where he worked with the firm’s largest financial clients to solve regulatory and business-driven challenges across Europe, Asia and the Americas.

Previous to McKinsey, Mr. Mushkin spent 14 years in Goldman Sachs, where he held several leadership roles globally across the Securities division, Electronic trading, and Firmwide risk.

With the appointment, BlockFi executive and former CRO Rene Van Kesteren will focus solely on his work as General Manager of Institutional Services, a role he concurrently held while building the company’s risk management framework from inception.

“BlockFi strives to be a market leader in terms of our product suite and also risk management sophistication, as evidenced by our track record of lending in the sector throughout market cycles,” said Zac Prince, CEO and Co-Founder of BlockFi. “We’re excited to have Yuri join our leadership team, bringing extensive capital markets risk management expertise that will support our accelerated growth and the broader crypto markets' maturation.”

"I'm thrilled to join BlockFi at this exciting stage of the company's development to help the Zac, Flori, and the rest of the leadership team innovate by building best-in-class risk infrastructure and operational resilience which serves our clients, investors, the broader industry and regulatory stakeholders," said Mr. Mushkin.

Mr. Mushkin is based in Dallas and holds a BA in Finance and International Business from New York University and a MsC in Organizational Psychology from the London School of Economics. He is CFA Charterholder and contributor to CFA Institute initiatives.

Media Contact for BlockFi:

Ryan Dicovitsky/Ellie Johnson

Dukas Linden Public Relations

BlockFi@DLPR.com

Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's nationality, residence or otherwise.

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Last updated on July 20th, 2021

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

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See blockfi.com/terms for more information.

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See blockfi.com/terms for more information.

BlockFi Appoints Yuri Mushkin as Chief Risk Officer

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