Latest news with #Annemarie
Associated Press
13-05-2025
- Business
- Associated Press
Cryptex Finance Announces the Appointment of Annemarie Tierney to Advisory Board, Strategic Collaboration With Morrison Warren, to Drive Strategic Growth
Appointments bring traditional financial market discipline and strategic insight to Cryptex Finance's growing suite of decentralized index products. NEW YORK CITY, NEW YORK / ACCESS Newswire / May 13, 2025 / Cryptex Finance, a leading platform for cryptocurrency index solutions, today announced the appointment of distinguished securities law and digital asset regulation expert Annemarie Tierney to its advisory board, as well as a strategic relationship with ETF and index fund expert Morrison Warren. Their combined expertise in ETF development and financial markets will help guide Cryptex Finance as it expands its product offerings and builds institutional-grade indexing software for digital asset markets. 'These strategic relationships represent a significant milestone in our mission to bring established financial market tools like indices to the decentralized finance ecosystem,' Cryptex Finance Co-Founder Joe Sticco said. 'Annemarie and Morrison bring decades of experience in precisely the areas we need to position Cryptex Finance as the benchmark index platform for digital assets.' Cryptex Finance is the creator of TCAP (Total Cryptocurrency Market Cap token), the world's first tokenized index to offer decentralized exposure to the entire cryptocurrency market through a single asset. This innovative ERC-20 token tracks the total market capitalization of all digital assets - similar to how the S&P 500 indexes major U.S. equities. TCAP is the first in a planned series of index-based products that Cryptex Finance will roll out as part of its broader mission to deliver institutional-grade indexing software for digital asset markets. 'Cryptex Finance is building the kind of foundational market infrastructure that digital assets need to reach broad, long-term adoption,' Tierney said. 'I'm excited to support a team focused on transparency, regulatory awareness, and product integrity.' 'The next wave of digital asset investing will be driven by structured, index-based solutions that investors trust,' Warren said. 'Cryptex Finance is ahead of that curve, and I look forward to contributing to its evolution.' 'We are fortunate to welcome two new people with such directly relevant experience,' Sticco said. 'Annemarie's depth in digital asset regulation and Morrison's mastery of index-based product development will be instrumental as Cryptex Finance continues to build institutional-grade indexing software for digital asset markets.' Profiles Annemarie Tierney brings critical expertise in securities law and digital asset regulation as the Founder and Principal of Liquid Advisors. Previously, she served as Head of Strategy at Nasdaq Private Market. As General Counsel at SecondMarket Holdings (now Digital Currency Group), Annemarie pioneered, envisioned and executed the Grayscale Bitcoin Investment Trust (GBTC). Her background at the U.S. Securities and Exchange Commission further strengthens Cryptex Finance's regulation-first approach as it scales. Morrison Warren contributes exceptional ETF and index fund experience as Partner and Co-Chair of Chapman's Investment Management Practice Group, which serves as fund counsel to over 525 ETFs representing more than $350 billion in assets under management. He has been at the forefront of the blockchain and digital asset industry, advising on physically backed bitcoin ETFs, futures-based crypto funds, and tokenized investment vehicles. About Cryptex Founded in 2021, Cryptex Finance is the creator of TCAP, the world's first Total Crypto Market Cap token. By combining traditional financial modeling with decentralized infrastructure, Cryptex Finance delivers transparent, accessible, and efficient investment tools for the modern digital economy. Contact InformationJon Leiberman SOURCE: Cryptex Finance, LLC Related Images press release
Glasgow Times
07-05-2025
- Business
- Glasgow Times
Annemarie O'Donnell to pay back money over £300,000 pension row
In a note to elected members leaked to The Herald this afternoon, the current chief executive Susan Millar informed them this afternoon that the payment to her pension fund will be repaid to the council. There will now be a reduction in the value of her pension. It comes after Annemarie O'Donnell and other senior officials established a way give themselves enhanced pensions before leaving their jobs at the local authority. O'Donnell received a £357,845 'in year' contribution to her pension, Elaine Galletly, former Director of Legal and Administration, received a £223,065 pension contribution and £59,971 for 'compensation for loss of office'. READ MORE: 'Do you know who we are?': Pair knifed four strangers in less than two hours READ MORE: Warrant issued for woman who 'falsely claimed to be pregnant to extort £7k' The letter leaked to The Herald: 'I am writing to inform you of developments relating to the retirement of the former Chief Executive Annemarie O'Donnell. 'You will recall that Annemarie left the council in 2024 with immediate access to her pension. This required the council to make a payment, called 'strain on the fund', to Strathclyde Pension Fund (SPF). This payment to the Pension Fund was around three hundred thousand pounds. 'The council has now reached an agreement with Annemarie which has allowed that strain on the fund to be repaid to the council. 'The details of Annemarie's pension are private to her and not visible to the council, beyond the details which are published in our accounts. Ms Millar added: "I can say that Annemarie contacted SPF and the council last month asking to come to an arrangement whereby she would be treated as if she had simply left the council on normal pension arrangements which incur no additional cost to SPF or the Council. ] "This would entail repayment to SPF of any additional sums paid to her since she left and the repayment of the strain on the fund by SPF to the council. Both these payments have now been made and appropriate disclosures will be made in the Council's accounts in due course." A report from March this year found the early retirement deal for Glasgow City Council's former chief executive was not 'lawfully approved' by the local authority. Council leader Susan Aitken and city treasurer Ricky Bell raised concerns over the payments while questions were also raised through Freedom of Information requests. The council carried out an initial review before instructing lawyers to investigate the exit packages of five staff members. Brodies LLP found that the former chief executive's application for early retirement 'was not, on the face of it, lawfully approved in terms of the council's Scheme of Delegated Functions' but that the applications for the other four staff members were. Reacting to the pay back news, City Treasurer and Deputy Leader of the Council, Ricky Bell welcomed the news, however, stated it was "regrettable" that this ever took place. The councillor told The Herald: "The independent investigation, commissioned by the Council's political leadership, confirmed that the former Chief Executive's enhanced pension was not lawfully authorised. "We welcome her decision to repay the money and to give up future payments. It remains, however, regrettable that this episode ever happened in the first place. "It is due to the diligence and persistence of the SNP and its City leadership, alongside the efforts of Council officers, that we have arrived at the point where the money has been repaid. Tomorrow, councillors will have the opportunity to vote on new safeguards to ensure such unauthorised practices are never repeated." The council has confirmed with The Herald that the letter was sent to elected members this afternoon, They said would not provide any further comment at this moment in time.
The Herald Scotland
07-05-2025
- Business
- The Herald Scotland
Annemarie O'Donnell to pay back money over £300,000 pension row
There will now be a reduction in the value of her pension. It comes after Annemarie O'Donnell and other senior officials established a way give themselves enhanced pensions before leaving their jobs at the local authority. O'Donnell received a £357,845 'in year' contribution to her pension, Elaine Galletly, former Director of Legal and Administration, received a £223,065 pension contribution and £59,971 for 'compensation for loss of office'. The letter leaked to The Herald: 'I am writing to inform you of developments relating to the retirement of the former Chief Executive Annemarie O'Donnell. 'You will recall that Annemarie left the council in 2024 with immediate access to her pension. This required the council to make a payment, called 'strain on the fund', to Strathclyde Pension Fund (SPF). This payment to the Pension Fund was around three hundred thousand pounds. 'The council has now reached an agreement with Annemarie which has allowed that strain on the fund to be repaid to the council. 'The details of Annemarie's pension are private to her and not visible to the council, beyond the details which are published in our accounts. Ms Millar added: "I can say that Annemarie contacted SPF and the council last month asking to come to an arrangement whereby she would be treated as if she had simply left the council on normal pension arrangements which incur no additional cost to SPF or the Council. ] "This would entail repayment to SPF of any additional sums paid to her since she left and the repayment of the strain on the fund by SPF to the council. Both these payments have now been made and appropriate disclosures will be made in the Council's accounts in due course." A report from March this year found the early retirement deal for Glasgow City Council's former chief executive was not 'lawfully approved' by the local authority. Council leader Susan Aitken and city treasurer Ricky Bell raised concerns over the payments while questions were also raised through Freedom of Information requests. The council carried out an initial review before instructing lawyers to investigate the exit packages of five staff members. Brodies LLP found that the former chief executive's application for early retirement 'was not, on the face of it, lawfully approved in terms of the council's Scheme of Delegated Functions' but that the applications for the other four staff members were. Reacting to the pay back news, City Treasurer and Deputy Leader of the Council, Ricky Bell welcomed the news, however, stated it was "regrettable" that this ever took place. The councillor told The Herald: "The independent investigation, commissioned by the Council's political leadership, confirmed that the former Chief Executive's enhanced pension was not lawfully authorised. "We welcome her decision to repay the money and to give up future payments. It remains, however, regrettable that this episode ever happened in the first place. "It is due to the diligence and persistence of the SNP and its City leadership, alongside the efforts of Council officers, that we have arrived at the point where the money has been repaid. Tomorrow, councillors will have the opportunity to vote on new safeguards to ensure such unauthorised practices are never repeated." The council has confirmed with The Herald that the letter was sent to elected members this afternoon, They said would not provide any further comment at this moment in time.
CBS News
29-04-2025
- General
- CBS News
Wildfire survivors are finding out they are underinsured after losing their homes
As many as two-thirds of fire victims are uninsured or underinsured, according to the consumer advocates at the non-profit United Policyholders. Most people don't know the ins and outs of their homeowner's insurance policy, and even if they do, they often buy it and let it sit instead of revisiting the policy each year to make sure they have enough coverage to rebuild. Following the devastating wildfires, survivors are finding out they are underinsured leaving them to wonder how they will afford to rebuild their homes. (Allen J. Schaben / Los Angeles Times via Getty Images) Allen J. Schaben After turning in 40 applications, Kevin and Annemarie Pazmino finally found a new place to live, after the home they shared with two children, Lucille and Joaquin, burned to the ground in Altadena. KCAL News met the family in January as they returned to see what was left amidst the rubble following the Eaton Fire. "I have anxiety over everything. So, it's really, really hard," Annemarie said. With their rental search behind them, the Pazminos looked into what it would cost them to rebuild. "I've learned with insurance that we didn't ask any of the right questions," Annemarie said. The answers they're getting now during the rebuilding process weren't what they expected. "So, we are grossly underinsured, and our insurance agent said that's very common," Kevin said. Their homeowner's policy hadn't been updated since 2017, when the cost to build was well below what it is now. They also took money out of the house for renovations and didn't increase their policy. Those common mistakes will cost them at least $100,000 "There are so many aspects of insurance that are so unknown to people and that can't be singular to us," Annemarie said. Amy Bach is with United Policyholders, said everyone should be taking inventory of their coverage each year and if your insurer tells you that you don't have enough coverage, increase your limits. "You really need to tell your insurance company, 'I'm relying on you to fully insure this, my dwelling, and I'm counting on you,'" Bach said. "Because if they tell you, you need to increase your coverage and you don't, it's going to be on you if you come up short." Bach said the way to know if you're short is by taking the amount of coverage on your dwelling, then divide that amount by the square footage of your home and if the result is at least 300, you are adequately insured. But Bach also said costs can vary widely, based on where you live and the type of home, so experts say, you may need upwards of 500 a square foot to rebuild. The Pazminos don't know how they'll ever afford to own a home again. "I don't have any money to start rebuilding. I can't get a construction loan without money down because all our money was in the home," Kevin said. For now, the Pazminos are in a rental for a year. They're hoping the government will come in to offer low-interest construction loans. Beyond that, they're taking things day by day, which isn't easy. "I want to have the hope, I want to believe that our neighborhood can be what it once was, but how is that going to happen?" Annemarie said. United Policyholders suggests getting everything in writing. They also say to ask your broker if you have enough coverage on your home and if yes, save that email.
