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NYC mayor consolidates tech offices, expands role of CTO

New York City Mayor Eric Adams has signed an executive order consolidating the leadership of offices of technology and innovation.  Previously, the areas and offices focused on technology and innovation reported to various deputy mayors. Now, that oversight is consolidated under the existing Department of Information Technology and Telecommunications (DoITT), which has also been re-designated the “Office of Technology and Innovation.” Adams has committed to revamping tech in New York City, both from a city services perspective and mitigating the …

Genesis Trading’s chief technology officer departs firm

Genesis Trading’s chief technology officer Pat DeFrancesco is no longer with the cryptocurrency trading and lending firm, according to a source familiar with the move.  DeFrancesco, a veteran of the trading technology world, joined the firm in June 2019. He previously worked as the chief technology officer and chief operating officer at 7Chord, a firm that develops AI systems for the corporate bond market. Earlier in his career, he was the head of information systems and later chief technology officer …