R&T Deposit Solutions Announces Appointment of Michelle Neal to Board of Managers

NEW YORK, May 1, 2025 /PRNewswire/ -- R&T Deposit Solutions, a leading provider of insured deposit and liquidity management solutions, today announced the appointment of Michelle Neal to its Board of Managers. Ms. Neal brings over two decades of leadership experience in financial services, with deep expertise in market infrastructure, central banking, and digital innovation.

Ms. Neal currently serves as CEO of Fnality International, a fintech firm backed by leading global institutions and focused on transforming wholesale financial markets through distributed ledger technology (DLT). In 2023, Fnality launched the Sterling Fnality Payment System (£FnPS) – the world's first regulated DLT-based wholesale payment system – and is advancing the development of interoperable payment infrastructures across multiple currencies and jurisdictions.

Prior to joining Fnality, Ms. Neal was Head of the Markets Group and a member of the Executive Committee at the Federal Reserve Bank of New York, where she oversaw open market operations, foreign exchange, and the implementation of monetary policy. Her distinguished career also includes senior executive roles at RBC Capital Markets, BNY Mellon, Deutsche Bank, Nomura, and Royal Bank of Scotland.

"Michelle's appointment underscores R&T's commitment to innovation, resilience, and prudent growth," said Susan Cosgrove, Chief Executive Officer and Chair of the Board. "Her depth of experience at the intersection of financial markets, technology, and policy will be instrumental as we continue to enhance our platform and deliver long-term value to our clients and partners."

Mike Hollander, Managing Director at GTCR and Manager on the Board of R&T Deposit Solutions, commented, "Michelle brings a deep understanding of financial market infrastructures and a strong track record of transforming and scaling global businesses. Her expertise will be instrumental as R&T continues to innovate and grow. We're thrilled to welcome her to the Board and look forward to her valuable contributions."

Takashi Moriuchi, Co-Founder and Managing Director at Estancia Capital Partners and Manager on the Board of R&T Deposit Solutions, added, "Michelle's extensive experience in both the public and private sectors, particularly in advancing financial technologies, aligns perfectly with R&T's strategic vision. Her insights will be a tremendous asset as we navigate the evolving landscape of deposit and liquidity solutions."

In addition to her executive roles, Ms. Neal has served as a non-executive board member and standing committee member for numerous prominent financial industry organizations, including the Treasury Borrowing Advisory Committee (TBAC), the Global Financial Markets Association (GFMA), and the Futures Industry Association (FIA). She was appointed to the Bank for International Settlements Committee on Payments and Market Infrastructures in 2023.

Ms. Neal holds a BSBA in Finance from the Sawyer School of Management at Suffolk University, where she graduated cum laude. She is a dual citizen of the United States and the United Kingdom.

About R&T Deposit Solutions

With more than 50 years in the industry, R&T Deposit Solutions provides cash management and deposit placement programs to the financial services industry. Through its tech-enabled services, R&T helps banks, credit unions, broker-dealers, trust companies and wealth managers meet their unique cash sweep and deposit funding needs. As a recognized leader in the administration of deposit networks, the Demand Deposit Marketplace® (DDM®) program administered by R&T, provides banks and other depository institutions access to billions of dollars in reciprocal deposits and the ability to support their customers' deposit insurance needs. R&T is a portfolio company with the majority interests owned by private equity firms, GTCR and Estancia Capital Partners. For more information about R&T, please visit our website at Deposit & Funding Solutions - R&T Deposit Solutions. Click here for R&T's list of receiving institutions. R&T is not an FDIC-insured institution. FDIC insurance only covers the failure of an FDIC-insured institution. Certain conditions must be satisfied for FDIC pass-through deposit insurance coverage to apply.

Media Contact

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SOURCE R&T Deposit Solutions