Hervé Francois

🔹ING Blockchain/Digital Assets Initiative Lead🔹HEC EMBA candidate🔹 CEO Pyctor 🔹 Board Member 🔹 Public Speaker 🔹 Mentor

Amsterdam, NL

3

Office Hours

How does this work?
About

After 20 years working on Financial Markets in 5 different countries, I am comfortable with working in rapidly evolving landscape with uncertainties and under pressure. I am a creative problem solver and idea generator currently working as digital assets initiative lead in the innovation department of ING. My strong technological/analytical skills and business savvy character excels in the innovation and entrepreneurship environment. I have a successful experience on leading operational project team from scratch to production on blockchain/DLT/Digital Assets supported by my high motivation to get things done, great level of energy and optimism. I am mentoring startups at StartupBootcamp and Kickstarter and joined various hackathons. I demonstrate thought leadership in different work group (EBF, EBA, R3 DAWG, EU Blockchain forum, World Economic Forum …) and participate in conferences as speaker/panelist (like Consensus); being one of ING spoke person on blockchain-digital assets subject. I am also co-chairing the Custody working group of GDF (Global Digital Finance). I am part of ING Innovation Drivers Community and FM innovation ambassadors where I engage with senior management and regulators on a regular basis . If you have a great idea and want to discuss it, do not hesitate to contact me. I am also open for a role as advisor.

Ask me about
Fireblocks
Digital Assets
DLT
Blockchain
CDBC
crypto
Pyctor
defi
DecentralizedFinance
NFT
staking
custody
trading
tokenization
Neobank
Chainalysis
Crystal
Elliptic
Neutrino
Work experience
logo

Feb 2020 - Present

Global Digital Finance

Co Chairman of Custody working group

In 2020, the GDF Custody WG finalised and published its custodial wallet code of conduct in Q1. Throughout the rest of the year, the group built a travel rule protocols and solutions inventory as well as a custody regulatory landscape with the support of ING and Clifford Chance. Various internal and external speakers presented on relevant topics like ISO 24165 DTI , OCC announcement, MiCA impacts, the Wolfsberg questionnaire and IVMS101. The members also contributed to responses to various consultation papers impacting digital asset custodians as well as GDF ones. In 2021, the group will continue to monitor travel rule implementation and regulatory changes. We will work on extending the working group to new and traditional custodians as well as extend self-certification of our code of conduct. Finally the co-chairs will contribute to the creation of a training program on the GDF Custody code of conduct in collaboration with the ACI ELAC program.

Jan 2020 - Present

ISSA - Intl Securities Services Association

Co-chair DLT subgroup: "Voice of the customers"

Sep 2018 - Present

Pyctor

Chief Executive Officer (CEO), co-founder

Pyctor, in collaboration with ABN AMRO, BNP Paribas Securities Services, ING Bank, Invesco, Societe Generale – Forge, State Street, UBS, Citibank and others, is a decentralised permissioned network that aims to provide digital asset safekeeping and transaction services, with a focus on regulated security tokens issued either on private or public blockchain. www.Pyctor.com Pyctor is part of the FCA regulatory Sandbox (Cohort 6): https://www.fca.org.uk/firms/regulatory-sandbox/regulatory-sandbox-cohort-6 Team is composed of 12+ employees located in Amsterdam and London. Co-inventor US 63/030.540 patent: Non-interactive multi agent key management systems and methods

logo

Aug 2017 - Present

Startupbootcamp

Mentor and blockchain expert

FinTech & CyberSecurity track https://www.startupbootcamp.org/mentors/herve-francois/

logo

Dec 2016 - Present

ING

Blockchain Initiative Lead / Digital Assets Lead

I lead the ideation, design and development of digital assets initiatives on both private and public blockchain/DLT. Typical projects include tokenization of assets on private permissioned DLT: Corda (for instance FinTech50 recognised HQLAᵡ as one of Europe’s hottest fintech companies in 2019) that we have developed with 5 other banks Goldman Sachs, UBS, Credit Suisse, CIBC, Commertzbank. The collateral platform is in production, www.hqla-x.com . Another strategic initiative that I lead is called Pyctor. Pyctor, a project developed by ING Bank within the FCA regulatory Sandbox, in collaboration with ABN AMRO, BNP Paribas Securities Services, Invesco, Societe Generale – Forge, State Street, UBS and others, is a decentralised permission network that aims to provide digital asset safekeeping and transaction services, with a focus on regulated security tokens issued either on private or public blockchain. www.Pyctor.com My team is composed of 12+ employees located in Amsterdam and London. I ensure a seamless execution between our ING cross-functional teams involving product, technology, legal, compliance, ORM, IRM… Thanks to my strong entrepreneurial mindset, I establish shared vision by influencing and building consensus among both internal and external stakeholders. I have in-depth knowledge of the Blockchain/DLT and crypto-assets ecosystems, including relevant industry standards and regulatory requirements. I have worked on ING Digital Assets strategy and I apply whenever applicable Lean Startup principle, Agile (Scrum) and design thinking (ING PACE methodology). Last but not least, I led Proof of Concept (Poc) work stream of the Digital Asset Work Group (DAWG) of R3 during 7 months together 40+ financial institutions and I am now co-chairing the custody stream of GDF (Global Digital Finance). Certified Hyperledger Fabric v1.4 developer Certified Corda developer Certified Scrum Master (CSM) Certified Scrum Product Owner (CSPO)

Jan 2015 - Present

ACI Financial Markets Association

Board member of ACI Netherlands

http://acinetherlands.nl/

logo

Sep 2017 - Sep 2020

European Banking Federation

Member of Blockchain/DLT Task force (Digital Assets Focus)

Represent ING during EBF meetings Contributes to papers

logo

Jan 2020 - Jun 2020

La French Tech

Ambassador

logo

Feb 2020 - Mar 2020

Wikistrat

Senior Analyst

logo

Nov 2018 - May 2019

R3

Sub-group lead DAWG (Digital Asset Working Group)

Lead PoC / Collaborative projects sub group for EMEA / US

Aug 2018 - Dec 2018

Kickstart Accelerator

Mentor

Fintech & crypto track

logo

Jan 2016 - Dec 2016

ING

Initiative Lead / CEO (intrapreneur) of Money Transferrer

I have founded Money Transferrer (an ING Non Branded initiative) and developed it within the Wholesale Banking accelerator. I managed a team of 8 experts (Customer journey expert, UI/UX designer, Graphic designer, Marketing lead, Front End Developer , Back End Developer , Infra/Dev ops, Business analyst). I was responsible of the legal, compliance, branding on top of the business aspect (Product owner, budget management, milestone planning, pitching, stakeholder management...). Money Transferrer was an easy, transparent and reliable way to quickly transfer money internationally at low cost. It was based on ING Pace methodology (composed of Lean Startup principle, Scrum methodology and design thinking). I became CSPO (Certified Scrum Product Owner) and CSM (Certified Scrum Master). We were problem/customer centric and developed our product for and with our early adopters.

logo

Oct 2011 - Dec 2015

ING

FM innovator and G10 Senior FX Swap trader

In 2014/2015, I led a team of 7 peoples based in Amsterdam and Spain during an 8 months project related to payments which was selected from 1800 ideas and shortlisted to 10. We used ING PACE methodology to develop the concept as a startup. My role as lead also included ideation, problem solving and stake holder management. I was also market maker on G10 FX Swaps and worked on electronic business challenges to improve our e-commerce capacities. My function included algorithmic program of hedging and risk taking across all the Short Term Product (up to 3y). I was looking for “value creation” on the FX business through a global vision of the business (distribution + trading) and an international view of the market. The tools were co-developed with quantitative analysts and business analysts and 80% of the customer flows were handled via e-business.

Mar 2009 - Oct 2011

Natixis Asia

STIR and G10 FX Swap Trader, Senior

Relocated to Paris, I handle both market making on FX and arbitrage trading on FX versus rates. Product range covers G10 currencies FX Swap/Fwd (up to 10 years), Non Deliverable Forwards (up to 5 years), short term rates (Eonia, OIS) , Basis Swaps (up to 10 years) and vanilla options (Call/Put). I focus on JPY and Far East currencies in parallel of the majors (EUR, GBP, AUD, CHF). I deal with customer flows, manage arbitrage strategies (Basis swap versus long term FX swap, intra and inter currencies carry trades…) and take care of the electronic trading platform.

Jan 2008 - Mar 2009

Natixis Asia

FX/FI NDF Trader, Vice President

After successfully applying for a transfer to the Bank’s trading team of Simon Lee, I assumed responsibility for managing a combined proprietary / customer flow trading position which initially began with an 80/20 split and a targeted 60/40 split. I was covering 11 Asian ccy (HKD, CNY, TWD, KRW…) with a focus on INR, SGD and THB trading book. Products involved both FX and Rate from NDF, FX Fwd to NDIRS, NDS, NDOIS, or Basis Swap. The position also included the management of asset swap arbitrages(on KRW and INR).

Jan 2006 - Jan 2008

IXIS CIB

FX / Fixed Income Structurer, Vice President

Relocated to HK, I took the mandate for pricing, structuring and promoting various USD denominated FX Linked and Interest Rate products. Structured products included Multicallable, CRA, CSO, Quanto, Snowball, TARN, PRDC, FX Option strip among others. I also worked closely with the regional onshore sales teams in developing customer business flows and handling the trading and delta hedging of US Dollar transactions during the Asian time zone.

logo

Jun 2004 - Dec 2005

Natixis

Quantitative Analyst, Fixed Income Derivatives

Transferred to Tokyo, I was co-responsible of quantitative model analysis from its implementation in the financial library (in C++ ) to its use through Excel VBA. The pricing library targeted JPY exotic products: Multicallable, CRF, CRA, CSO ; FX options and hybrids :PRCS. Additionally, I was involved in the analysis and hedging of the Bank’s trading portfolios.

Jun 2002 - Jun 2004

IXIS CIB Americas

Assistant Trader, Fixed Income Derivatives

Based in New York and appointed to the full time staff, I developed/maintained market sheets and pricing tools (for Options, Swaps, OIS, Euro$ contracts). I had in charge the implementation of local needs in the C++ financial library. Other duties included handling PnL reconciliations, the preparation of a daily market commentary, technical analysis researching and trading strategies propositions.

Mar 2002 - May 2002

CDC Ixis Capital Market

Quantitative Analyst Intern, Fixed Income Derivatives

Education

2021 - 2022

HEC Paris

Executive MBA, Entrepreneurship and innovation

Part time EMBA

2001 - 2002

University of Paris Dauphine

Master of science, Mathematics applied to economic science

50% class at ENSAE

1999 - 2002

EISTI

Master of Degree, Computer Science

Major in financial engeering

Talk to Hervé

@ Copyright 2020 OfficeHours Technologies Co.