Online-bank Swissquote is expanding its cryptocurrency segment: the company has appointed a head of digital assets with the task of developing the crypto business with institutional clients.
Chris Thomas was appointed head of digital assets at Gland-based Swissquote, according to a statement published on Thursday. He will focus on expanding the digital product range for institutional clients.
Swissquote enabled private clients in July 2017 to invest in cryptocurrencies. Now it will open the segment to institutional clients, who will get the opportunity to enter into professional crypto-trading and custody, to drive their digital asset business forward, the bank said.
Ex-Investment Banker in London
The target group for Thomas will be asset managers, hedge funds, private banks and family offices. He has 20 years of experience in finance. He worked in the sales and trading departments of investment banks in London, including for UBS. He also was head of European innovation at Fidelity Investments.
