Birch Hill Announces Key Team Appointments in Credit and Vault Curation

Birch Hill appointed Jonathan Thomas as head of curation, with Traver Normandi joining to lead business development. According to ChainCatcher, Brad Schlagel, Alex Cornwell and Ian Plosker joined from Yearn to work on Birch Hill Absolute Value, the company’s on-chain credit strategy, while Normandi joined from Gauntlet. Schlagel previously led Yearn v3 development and is now a portfolio manager and head of strategy architecture; Plosker is a portfolio manager and head of platform engineering; and Cornwell, who previously led business development at Yearn, is now head of capital formation. Thomas previously worked with the Yearn team on strategies based on Yearn v3 vault standards. Normandi previously worked in institutional business development at Gauntlet. Headquartered in New York, Birch Hill evaluates, builds and distributes credit on public blockchains and serves as an official curator for the Morpho lending protocol. On October 28, the company announced a $4 million seed round led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures and Nascent, bringing its total funding to $6.5 million. Birch Hill said it plans to provide more information about its tokenized credit securities, oABS, and Birch Hill Absolute Value.