Connect with us



Ex-Goldman, Morgan Stanley executive to join crypto trading platform

A group of former Goldman Sachs Group Inc and executives of Morgan Stanley have joined a crypto trading platform.

Photo By "NEWSBTC"

Morgan Stanley executives and a group of former Goldman Sachs Group Inc have joined a crypto trading platform. Their peers have started this platform as a part of the growing cohort of Wall Street veterans who are betting on the volatile world of virtual assets.

Amber Group had recently appointed former Goldman Sachs part Dimitrios Kavvathas as the Chief Strategy Officer. It had also appointed the ex-Morgan Stanley M Todd Miller as the Chief Operating Officer for the Americas.

Sotirios Kavvathas is the younger brother of Dimitrios, who is holding leadership roles at the Royal Bank of Scotland and auditor BDO. He will serve as the operations chief for Europe. It is a HongKong based startup. It also added that three regional directors in Europe hail from the finance industry.

Amber started its journey in 201 as 5 Morgan Stankey traders market its beginnings. They belong to a corp of the company that develops financial services for over-the-counter trading to the structured and derivative products. In June, the firm managed to raise $100M from its investors. It includes DCM Ventures and Tiger Global Management. It has helped them to boost its valuation to $1 billion.

The startup has added 250 employees in the past 8 months. It has a global headcount with 450 members; CEO Michael Wu said the new hires would help the firm to formulate its global strategy and will improve its engagement with regulators and institutional clients.

Kavvathas, the new CEO of Amber, was among the executives of Goldman Sachs whom the Malaysian government charged with a 1MDB scandal in 2019. After the settlement of the case last year, all proceedings that rose against him discontinued any further actions.

Amber, a crypto trading platform, has managed to surge its $1.5 billion trading capital and $500million revenue.


Trending Articles




The company's COO made a heartfelt Twitter thread thanking the company for her time there, and has confirmed she's moving onto something bigger and...


BitOasis finds itself under the wing of the UAE's new crypto regulator.


The Will Smith Inu is currently experiencing a surge, but will it last?


Bank Leumi, one of the 2 largest banks in all of Israel, is all set to enable the holding, buying, and selling of cryptocurrency.

Blockwatch is a news and information site on crypto, digital assets, NFTs, crypto investing, and the future of money. Blockwatch is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Blockwatch is an independent operating subsidiary of Ubiquitous, Inc, which invests in cryptocurrencies and blockchain startups.

Copyright © 2022 Blockwatch™ Media, Inc. Blockwatch™ Media is a Ubiquitous company. All rights reserved.