Posts by Torrey and Gray

Morgan Stanley and other banks positioning for Crypto talent

In another high profile move by a large bank, Morgan Stanley announced the hiring of Andrew Peel as their new Head of Digital Assets.  Peel had been considered to be the top Bitcoin expert at CreditSuisse. For the article click here: https://www.ccn.com/morgan-stanley-poaches-credit-suisse-bitcoin-expert-to-head-crypto-division/ 

Other reports indicate the trend of employees leaving traditional financial services firms for blockchain and cryptocurrency is accelerating globally.  Goldman Sachs has seen a handful of executives leave for crypto hedge fund Galaxy Digital Asset Management. https://www.cnbc.com/2018/04/09/another-goldman-exec-dumps-wall-street-for-crypto-world.html

Asim Ahmad left BlackRock because after investing in crypto on the side, he “got to the point where the one day volatility of his portfolio exceeded his yearly salary.” https://www.bloomberg.com/news/articles/2018-05-30/traders-with-pockets-full-of-cryptocurrencies-quit-wall-street