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Former Citigroup Chair Dick Parsons Joins Board of Crypto Firm Celo

Amy Liu

Summary: Dick Parsons, who served as the Chair of Citigroup in the wake of the financial crisis in 2009, is joining the board of Celo, a startup that specializes in blockchain services for mobile phones. Parsons is a prominent figure in the business world as a result of his successful tenure at Citi. According to a ...

Dick Parsons, who served as the Chair of Citigroup in the wake of the financial crisis in 2009, is joining the board of Celo, a startup that specializes in blockchain services for mobile phones. Parsons is a prominent figure in the business world as a result of his successful tenure at Citi.

According to a Celo spokesperson, Parson joined the startup because he "wanted to be abreast of the next big thing"—cryptocurrency—and because it will provide a new outlet for his philanthropic work. Parsons views crypto as an important new tool for financial inclusion.

By Amy Liu

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