Paxos continues to grow and scale operations, having recently announced a $65M capital raise bringing us to $93M in total funding. On the heels of this milestone, we are excited to continue our momentum and announce the addition of two tenured team members. We welcome Nancy Dornbush as Global Head of Business Operations and Dorothy Chang as Vice President of Marketing and Communications. The two will lead Paxos on its continued mission to further the delivery of modern day settlement solutions to the global capital markets.
Nancy joins Paxos from Arcesium, a post-trade technology and professional services firm where she served as the Managing Director and Global Head of Services. Nancy played a key role in the development of operations at DE Shaw group’s accounting and operational infrastructure, which served as the foundation for what later became Arcesium. She handled the go-to-market strategy, business strategy and analysis, human capital planning and resource development, sales design and execution, and the onboarding and relationship management of several complex, multi-billion dollar alternative asset managers. Alongside the rapid business growth, Nancy managed the corresponding increase of personnel, with her direct groups doubling in growth.
Prior to Arcesium, Nancy held senior roles at JP Morgan and Ernst and Young. Nancy will leverage her in-depth knowledge of customers’ evolving needs, and staying at the forefront of the ever-shifting financial services marketplace, particularly trading. She will oversee all of Paxos’ day-to-day operations across all divisions, strategic corporate development projects and launches.
With a track record of working with startups that become category leaders, Dorothy joins from Foursquare, spending three years as the Senior Director and Head of Communications. Recognized for her expertise in Business Insider as one of the “Top 50 Public Relations Professionals in Tech,” Dorothy has lead successful campaigns for companies and leaders in marketing technology, media, e-commerce, and fintech. She was previously a VP at Brew Media Relations and the founder of her own consulting agency, dorothyPR. She continues to serve as a partner at Liberty City Ventures discovering visionary entrepreneurs for backing. As VP of Marketing and Communications, Dorothy will increase the brand awareness of Paxos in the financial services and technology space.
“We’re thrilled to welcome these accomplished business leaders into the Paxos family,” said Chad Cascarilla, CEO of Paxos. “In a rapidly growing company with a mission to develop financial settlement tools, expand our global client base, and deliver exceptional client service, Nancy and Dorothy will undoubtedly provide welcomed insights from their diverse experiences to guide the Paxos team as we continue to achieve market firsts.”
Welcome, Nancy and Dorothy, to the Paxos family!