Market Overview

Fund Manager Wilshire Phoenix appoints Crypto Native Garrette Furo as CIO and Partner

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Wilshire
Phoenix Capital
, a privately held specialty finance, asset
management and advisory firm, is pleased to announce the addition of
crypto, blockchain and neuroscience luminary Garrette Furo, CAIA, as
Partner and CIO.

Mr. Furo is a crypto native and has worked with numerous governments,
blockchain start-ups, global investment banks, and wealth management
firms on product development, digital asset allocation, trade
management, and on several innovative concepts Previously, Furo was a
neuroscience researcher at Columbia University Medical School. He holds
patents and publications in the natural sciences along with a dual
degree in molecular biology and alternative investments from Hampshire
College.

"As the traditional financial landscape and wealth-generating client
base continue to rapidly evolve, Wilshire Phoenix is positioned to lead
and has a forward-thinking mentality that few others in this space
possess, let alone are willing to execute on. I am very proud to join
such an accomplished team and organization. Notwithstanding, to arrive
at a time where I'm able to contribute in the launch of rational,
transparent and forward-thinking products and solutions. I look forward
to partnering with our clients in the months and years ahead," said
Garrette Furo, Partner and CIO, Wilshire Phoenix Capital.

"The strength of Wilshire Phoenix is rooted in more than my own vision,
but in the collective ideas of those who surround me. Garrette is an
outstanding addition to our exceptional team," said William Herrmann,
Founder and CEO, Wilshire Phoenix Capital.

Mr. Herrmann is the Founder of Wilshire Phoenix Capital and currently
serves as its CEO. Prior to founding the firm, he was employed by The
Bank of New York Mellon (BNY Mellon) from 2005 to 2016, most recently as
a Vice President. During his tenure at BNY Mellon, Mr. Herrmann served
on several global teams and led in the closing of 125+ diverse
transactions with a collective issuance amount exceeding $50 billion. In
addition, he was often called upon by executive management and
successfully led several cross-functional teams for which he received
multiple accolades. Mr. Herrmann completed undergraduate studies at
Clarion University of Pennsylvania and graduate studies at New York
University.

About Wilshire Phoenix

Wilshire Phoenix Capital is a privately held specialty finance and
advisory company focused on the structuring of numerous asset classes
while guiding its clients from inception to market. The firm also
provide advisory on most financial products and asset-classes, including
structured credit, alternative assets and derivative products.

At Wilshire's foundation are our core values - exceptional client
service, operating with the utmost of integrity, leading with
innovation, and giving back to charitable organizations and communities.

THIS PRESS RELEASE IS INTENDED FOR INFORMATIONAL PURPOSES ONLY. THIS
IS NOT AN OFFER OR SOLICITATION WITH RESPECT TO THE PURCHASE OR SALE OF
ANY SECURITY IN ANY STATE OR OTHER JURISDICTION IN WHICH AN OFFER OR
SOLICITATION IS NOT AUTHORIZED.

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