Job Movements | FinTelegram News

Category: Job Movements

October 7, 2024

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

October 3, 2024

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.

March 20, 2024

N26 Welcomes Mayur Kamat as New Chief Product Officer in Strategic Hire from Binance

Mayur Kamat, previously a key figure at the crypto exchange Binance, is set to join the Berlin-based digital bank N26 as its Chief Product Officer starting in the second quarter of 2024. Kamat brings a wealth of experience from his tenure at Binance, where he was instrumental in leading the global product and design teams. His career spans significant roles across Agoda, Google, and Microsoft, marking him as a veteran in the field.

February 18, 2024

CFTC Appoints Brian Young as New Director of Whistleblower Office, Strengthening Enforcement Efforts

The U.S. Commodity Futures Trading Commission (CFTC), under the leadership of Chairman Rostin Behnam, has announced a strategic appointment to bolster its enforcement capabilities. Brian Young steps into the role of Director of the CFTC’s Whistleblower Office, bringing with him a wealth of experience from the Department of Justice (DOJ), where he significantly contributed to antitrust and white-collar crime litigation.

February 5, 2024

Crypto Exchange Bitpanda Reinforces Executive Team With Compliance Expert!

Bitpanda is one or the bigger European crypto exchanges based in Vienna. It announced a strategic addition to its leadership team, welcoming Philipp Bohrn as the new Managing Director. Bohrn, a compliance expert has been previously serving as Vice President of Regulatory Compliance, AML, and Public Affairs. In his prior roles, he was instrumental in overseeing the regulatory frameworks for the Bitpanda Group.

January 26, 2024

Crypto Exchange Kraken Strengthens Leadership Team with Key Executive Appointments

With the goal of bolstering its compliance and global expansion strategies, Kraken, one of the leading crypto exchanges, has announced the addition of two high-profile executives to its team. Gilles BianRosa joins as the Chief Operating and Product Officer, while Marcus Hughes steps in as the Global Head of Regulatory Strategy. This strategic reinforcement comes at a time when Kraken is intensifying its efforts in expanding its global presence.

November 22, 2023

Playing With A $80 Billion Company: Sam Altman Reinstated As CEO Of OpenAI!

Artificial Intelligence at Work? OpenAI announced on Tuesday evening that the previously fired CEO, Sam Altman, has been reappointed as its CEO, marking a significant reversal from his recent removal by the company's board. This decision follows vigorous efforts by Altman's supporters, including employees and investors, to challenge his dismissal. The company's board will undergo substantial changes, with several members who opposed Altman being replaced.

November 3, 2023

Revolut’s New UK CEO: A Strategic Move Towards Securing Banking License?

In a strategic shift that could signal a new chapter for the fintech giant Revolut, the company has positioned Francesca Carlesi at the forefront of its UK operations as the incoming CEO. This move comes at a critical juncture as Revolut navigates the complex process of securing a banking license in the UK, an endeavor that has proven challenging thus far. The FinTech is struggling despite its 35+ customers and successful international expansion in the UK.

September 7, 2023

Swiss Regulator FINMA CEO Resigns In Wake Of Credit Suisse Downfall!

The collapse of Credit Suisse is also having an impact on the Swiss regulator FINMA. The regulatory authority surprisingly announced that its CEO, Urban Angehrn, will resign by the end of the month. This decision comes roughly half a year after FINMA faced significant scrutiny for not averting the downfall of Credit Suisse. Angehrn, who has been at the helm since November 2021, cited health concerns as the primary reason for his departure.

September 7, 2023

German Payment Company PPRO Appoints Motie Bring As New Chief Executive Officer

German payment processor PPRO announced that its Board had elevated its Chief Commercial Officer, Motie Bring (LinkedIn), to the position of Chief Executive Officer, effective from 2 Oct 2023. Motie will succeed the outgoing CEO, Simon Black, who had previously declared his intention to step down. This decision comes after a thorough internal and external search process overseen by the Board in recent months.

Job Movements

September 6, 2023

UBS Super-Rich Banker Moves To British Rival Schroders.

Schroders has hired the former UBS executive Urs Büchi (LinkedIn) for the German market. He will drive private banking in the neighboring country from Zurich. Urs Büchi has been head of wealth management in Germany for the British asset manager since last August. According to a statement on Tuesday, he focuses on expanding this growth market.

August 31, 2023

Former UBS Executive Sarah Youngwood Appointed As Nasdaq CFO

Fortunately, the Nasdaq board remains a female-driven exchange. This is also shown by the latest job appointments at the world's most important technology exchange. Sarah Youngwood (LinkedIn), who previously found herself sidelined on Sergio Ermotti's UBS board, has been appointed as the CFO for Nasdaq. This transition will take effect from December 1, as she fills the shoes of outgoing CFO Ann Dennison.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.