Phemex founder spent 11 years as a senior executive at Morgan Stanley. He learned how to build reliable and efficient systems, but over time also recognized fatal limitations of traditional finance. Unreasonable fees, exclusive dealings, inefficient systems. He realized that the current banking ecosystem was fundamentally skewed in favor of the privileged few. Jack envisioned a new financial paradigm where the slate is wiped clean and everyone can access the same opportunities and freedoms.
