Timothy McCarthy, Former President of Charles Schwab and Nikko Asset, joins IdentityMind Board of Advisors
September 29, 2015
We’re proud to announce today the appointment of Tim McCarthy to the IdentityMind Global Board of Advisors, effective immediately.
McCarthy is an experienced global leader in financial services, and has dedicated his entire career to the industry. His past experience includes serving as Chairman and CEO of Nikko Asset Management in Tokyo, Good Morning Securities in Seoul, CEO of Jardine Fleming in Hong Kong, President of Charles Schwab and Co., and President of the Fidelity Investment Advisor Group. While President of Charles Schwab and Co., investors saw the value of Schwab increase to over $40 billion and as Chairman/CEO at Nikko Asset Management, expanded the business to 11 countries, including the U.S. and U.K., growing assets under management from $50 to $160 Billion. He published the Japanese best seller “Awaken to the Sense of Money” in 2000, followed by the English language “The Safe Investor: How to Make Your Money Grow in a Volatile Global Economy” in 2014.
“IdentityMind gives financial services businesses a complete and cost-effective technology suite for verifying users, and monitoring activity,” said Mr. McCarthy. “More importantly, their platform recognizes that financial services are no longer tied to one country or region. By taking an identity-based approach to building payment and risk reputations, IdentityMind is building the world’s first cooperative risk management and compliance database, allowing financial services anywhere in the world to verify reputations and identify suspicious activity before it becomes an issue.”
McCarthy has lived and worked in over 40 countries throughout his career, including Russia, Germany, Hong Kong, South Korea, and Japan. After decades of experience in financial services, Mr. McCarthy is now advising Silicon Valley startups.
“Tim’s proven experience in growing financial services businesses internationally will be an immediate asset for our team to leverage,” said Garrett Gafke, IdentityMind’s CEO and President. “He knows these challenges first hand. He broke ground in Japan and Korea, and his experience and expertise will be invaluable as we continue to ramp up and expand IdentityMind’s application abroad.”