The U.S. Securities and Exchange Commission appointed Alex Oh as Director of the Division of Enforcement. Oh was most recently a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA Practice Group. She was previously an Assistant U.S. Attorney in the Criminal Division of the U.S. Attorney’s Office for the Southern District of New York, where she was a member of the Securities & Commodities Fraud Task Force and the Major Crimes Unit.
Archax, the only FCA regulated digital securities exchange, brokerage and custodian, appointed Malcolm Ford to spearhead institutional sales. Ford brings a comprehensive network and wealth of experience from the institutional capital markets space, having worked for a number of large financial institutions, including CMC Markets, Instinet, KCG, Morgan Stanley and Credit Agricole Cheuvreux. He has also worked for leading boutique firms including Assure Hedge, Linear Investments and Monsas, and is a founding member of The Broker Club.
Binance.US, one of the world’s largest bitcoin exchanges, hired Brian Brooks, a former top U.S. banking regulator, The Wall Street Journal reported. Brooks, who was an acting head of the Office of the Comptroller of the Currency in the Trump administration, will become the new chief executive of Binance.US on May 1, the Journal reported, citing an interview with Brooks.
Credit Suisse said John Dabbs and Ryan Nelson, two executives in charge of its prime brokerage unit will leave in the wake of its $4.7 billion loss from the collapse of hedge fund Archegos Capital Management. The bank said in a memo that Dabbs and Nelson will immediately step down as co-heads of prime services, and assist the bank through mid-May for an orderly transition.
BlockFi named J. Christopher (“Chris”) Giancarlo to its Board of Directors. In his role as a member of the Board, Giancarlo will provide valuable guidance to the company’s leadership on strategic matters, namely blockchain innovation, regulatory developments, and growth initiatives. Giancarlo served as the 13th Chairman of the United States Commodity Futures Trading Commission (CFTC) from 2014 to 2019
