Tether appoints Lyons as CIO
13 March 2026 El Salvador
Image: MCGORIE/stock.adobe.com
Tether has appointed Zachary Lyons as its chief investment officer (CIO), following Richard Heathcote’s departure from the role.
Lyons, who has spent over seven years with the Tether, will transition to the role of CIO from his current position as deputy CIO.
Heathcote will stay connected to the company in a non-executive advisory capacity.
The firm says Lyons has “played an important role in developing Tether’s investment approach,” and that Heathcote was “one of the driving forces behind the institutionalisation of Tether’s reserve management”.
Prior to his time at Tether, Lyons was CIO at BankPro, a senior investment analyst at Deltec Bank & Trust, and an investment specialist at BSI (Overseas) Bahamas.
Speaking on the appointment, Paolo Ardoino, CEO of Tether, says: “As we continue building what we believe is a once-in-a-century company, we are excited for Zach to step into this role and help lead the next phase of growth.”
On stepping down from his position as CIO, Heathcote says: “I am immensely proud of what we have achieved at Tether over the last few years; it has without a doubt been the pinnacle of my career.
“I look forward with great excitement to seeing what Tether achieves in the next chapter in my capacity as non-executive advisor.”
Lyons, who has spent over seven years with the Tether, will transition to the role of CIO from his current position as deputy CIO.
Heathcote will stay connected to the company in a non-executive advisory capacity.
The firm says Lyons has “played an important role in developing Tether’s investment approach,” and that Heathcote was “one of the driving forces behind the institutionalisation of Tether’s reserve management”.
Prior to his time at Tether, Lyons was CIO at BankPro, a senior investment analyst at Deltec Bank & Trust, and an investment specialist at BSI (Overseas) Bahamas.
Speaking on the appointment, Paolo Ardoino, CEO of Tether, says: “As we continue building what we believe is a once-in-a-century company, we are excited for Zach to step into this role and help lead the next phase of growth.”
On stepping down from his position as CIO, Heathcote says: “I am immensely proud of what we have achieved at Tether over the last few years; it has without a doubt been the pinnacle of my career.
“I look forward with great excitement to seeing what Tether achieves in the next chapter in my capacity as non-executive advisor.”
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