Chia Network Appoints Noor Menai to Board of Directors
Jessie A Ellis Sep 14, 2023 08:23
Chia Network, Inc. has appointed Noor Menai to its Board of Directors. Menai, a seasoned professional with over 30 years of experience in banking, finance, and technology, has held positions at prestigious institutions like JPMorgan Chase, Bank of America, and Citigroup. Chia Network, founded by BitTorrent founder Bram Cohen, aims to redefine blockchain technology for practical applications.
Public blockchain provider, Chia Network, Inc. (“Chia”), known for its commitment to real-world adoption, announced the election of Noor Menai to its Board of Directors effective from today's date.
Background on Noor Menai
With an illustrious career spanning over 30 years and three continents, Menai is no stranger to the realms of finance, banking, and technology. Holding the current title of President and CEO of CTBC Bank USA, Menai's influence extends to the Advisory Board of the Federal Reserve Bank of San Francisco and the Federal Deposit Insurance Company’s Subcommittee for Supervision Modernization.
Menai's past roles further underscore his expertise. His stints include significant tenures at major banks such as JPMorgan Chase, Bank of America, and Citigroup. His association with these institutions witnessed the creation of multiple tech-enabled platforms. Further enhancing his profile, Menai held the title of CEO at Charles Schwab Bank and spent five years immersed in private equity endeavors in the Middle East and Africa.
Educationally, Menai boasts an MBA focusing on finance, computers, and information systems, alongside a bachelor's degree in the same specialties, both from the University of Rochester. His service extends to academic and philanthropic fronts as well, marking his presence on the Board of Councilors of USC’s Rossier School of Education and the Leadership Council of Children’s Hospital Los Angeles.
Comments from Chia and Menai
Gene Hoffman, the CEO and President of Chia Network, lauded Menai's induction stating, "Noor Menai has deep experience in banking, financial services and technology... We are looking forward to working with Noor and learning from him."
In response, Menai conveyed his enthusiasm, "I’m thrilled to join Chia’s board. Chia’s technology will enable marketplaces and exchanges, which can only be described as inefficient today. I look forward to joining Chia’s talented and diverse board and leadership team.”
A Brief on Chia Network
Aiming to redefine blockchain technology for practical use, Chia Network stands distinct, thanks to its founder Bram Cohen, the brains behind BitTorrent. The network, through its groundbreaking Proof of Space and Time consensus algorithm, offers a unique blockchain system using hard drive space. This innovation marks the first fresh approach to Nakamoto Consensus since the inception of Bitcoin in 2009.
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