Michelle Neal

Michelle Neal is the CEO for Fnality International. Backed by a blue-chip roster of institutional shareholders, Fnality is developing an interoperable network of distributed financial market infrastructures in key jurisdictions for 24/7, real-time wholesale payments in a digital representation of funds at central bank – each a Fnality Payment System (FnPS). In 2023, the Sterling FnPS commenced operations, becoming the world’s first regulated DLT-based wholesale payment system.  

Fnality's ongoing expansion into additional currencies is poised to unlock a variety of transformative benefits such as enhanced collateral mobility, real-time global treasury optimization and enabling the growth of tokenized asset markets against a backdrop of financial stability.

Prior to joining Fnality, Michelle was Head of the Markets Group and a member of the Executive Committee at the Federal Reserve Bank of New York. She has over 20 years of leadership experience in financial services organizations.  

Before joining the New York Fed, Michelle held senior executive roles including Head of U.S. Fixed Income, Currencies & Commodities and Global Senior Relationship Management at RBC Capital Markets. She was also CEO of Markets at BNY Mellon and she held leadership positions in Global Banking & Markets at Deutsche Bank, Nomura, and Royal Bank of Scotland. Michelle also was a strategic advisor at LedgerEdge, a distributed ledger technology trading platform. She was appointed to the Bank for International Settlements Committee on Payments and Market Infrastructures in June 2023. 

Michelle also has extensive experience as non-executive board member and standing committee member on some of the most high-profile initiatives in global market infrastructures and trade bodies for the financial services industry, including the Treasury Borrowing Advisory Committee (TBAC), the Global Financial Markets Association (GFMA), the Futures Industry Association (FIA), TradeWeb, IHS Market, LCH Swapclear and MTS SpA. She was appointed to the Bank for International Settlements Committee on Payments and Market Infrastructures in June 2023.  Since May 1st 2025, Michelle has been appointed to the Board of Managers of R&T Deposit Solutions, which is a leading provider of insured deposit and liquidity management solutions.