
TP ICAP, world's biggest interdealer broker, has appointed a former Goldman Sachs and JPMorgan trader as director of digital asset sales.
The London-based firm, with offices across 28 countries, has been quietly building out its digital assets offerings over the past year. In a statement, the news agency said that Hina Sattar will join Skolem Technologies, a trading execution firm that aims to onboard institutional firms to decentralize finance.
The chief executive of TP ICAP, Duncan Trenholme, said in a LinkedIn post.
Before joining Skolem in November 2022 - and after a short stint at Genesis in the summer of 2022 - Sattar worked at Goldman Sachs and JPMorgan. She had been an assistant vice president of futures electronics sales trading at Goldman until her departure in June 2022.
Trenholme, 58, said he would not comment on the report because he did not know what was going on.
The rise of institutions, such as BlackRock and Fidelity, is boosting the effort to broaden crypto services for a broad range of users.
A more experienced hires with the expertise of crypto and traditional financial expertise is required, leading to a surge in interest. While crypto firms are seeing talent head out the door, it's not forcément news, according to crypto marketer Wintermute.
The interdealer broker, which facilitates transactions between firms such as banks and other financial institutions, continues to improve its digital asset offerings. Fusion Digital Assets, its electronic digital asset exchange, launched early this year for a small number of clients.
The exchange is registered in the UK with the Financial Conduct Authority.
The London-based Markets Correspondent, Adam Morgan McCarthy, is Editor-in-Chief of DL News.