Crypto

Galaxy co-head of commerce to leave for Brevan Howard’s crypto unit

Galaxy Digital co-head of trading Robert Bogucki is leaving for BH Digital, the crypto unit of Brevan Howard, according to two people familiar with the matter.

why is it important: The crypto industry has seen a bit of an executive reshuffle amid the crypto winter. Recall Genesis CEO Michael Moro announced his exit last month and Kraken’s Jesse Powell stepped down as CEO this week.

  • “We wish Robert good luck,” Galaxy spokesman Michael Wursthorn said, confirming Bogucki’s departure.
  • Brevan Howard declined to comment. Bogucki did not respond to requests for comment.

Details: Bogucki joined Galaxy in January 2021 and most recently served as Global Co-Head of Commerce with Jason Urban.

  • It was previously co-head of Fixed Income Clearing Corporation (FICC) at Barclays and portfolio manager at Graticule Asset Management Asia.

The context: Brevan Howard in January launched its first digital asset fund and strengthened support for its cipher unitwhich debuted in September 2021 and is directed by Natalie Faye Smth.

The big picture: The line between TradFi and crypto continues to blur and the competition for talent intensifies.

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