2nd CACR Information Security Workshop
Peter Freund, Certco
Requirements for a Public Key Trust Infrastructure to Support Business
to Business Transactions
This presentation will address the role of financial institutions in
establishing a trust infrastructure to support business-to-business
electronic commerce. The focus is on how to enable generalized, high
value, global, stranger-to-stranger transactions over insecure public
networks like the Internet.
Mr. Freund is chairman and founder of CertCo Inc., established in 1996. He
drives CertCo's innovative technology that enables financial institutions to
offer essential trust infrastructure services to support high-value
Prior to founding CertCo, Freund was a Senior Managing Director with Bankers
Trust where he managed various risk books for Bankers Trust's derivative
businesses, including those for over-the-counter currency options; European
interest rates; US treasuries, tax-exempts and mortgages; and commodities.
In 1991, Freund invented the credit derivatives business. He founded and ran
a group at Bankers Trust for three years. In 1994, after working as a
strategist for BT's Chairman for six months, Peter left to head a new area
group called Bankers Trust Electronic Commerce, which became CertCo.
Before joining Bankers Trust, Freund spent 10 years at Goldman Sachs & Co.,
the first seven years working in Public Finance and Mergers and
Acquisitions, and the last three working on the trading floor. Freund
founded Goldman's highly successful OTC fixed income options trading
business, which included US treasuries, mortgages, and foreign government
Freund personally funded LongView Technologies, which built state-of-the-art
virtual machines, for both SmallTalk and Java. Both implementations far
exceeded the performance of any competitive product. In February 1997, Sun
Microsystems bought LongView. LongView's 'HotSpot' Java compiler and garbage
collection technology are at the center of the much-anticipated new Java
virtual machine, to be released by Sun quite soon.
Freund, age 47, has a BS, EE from MIT, and a JD from the Georgetown
University Law Center.