Crypto banking firm, BCB Group, announced the departure of CEO Oliver von Landsberg-Sadie today following the exits of two other executives, according to a company email sent Wednesday.
A number of notable clientele
BCB Group was originally founded by von Landsberg-Sadie and Oliver Tonkin as a cryptocurrency brokerage in 2017. Notable clients of the firm include Kraken, Huobi, Bitstamp, Galaxy, Fireblocks, and Gemini, amongst others.
According to a press release from BCB Group, Tonkin will take over von Landsberg-Sadie’s role effective immediately.
Previously, Tonkin served as both the firm’s General Counsel and took over the position of Deputy CEO in July following Sharp’s sudden departure.
“With the unwavering dedication and expertise of our teams, BCB Group is a unique company that has grown significantly since its creation,” stated Tonkin. “As a co-founder, I know only too well that the opportunities for us and our industry are as strong as ever – and to become CEO will be a privilege and an honor as we seek to scale BCB Group to the next level.”
A series of shakeups
In June, former Deputy CEO Noah Sharp stepped down from his role following failed attempts to acquire Sutor Bank, a German financial services institution that traditionally partners with fintech companies. Sharp has since accepted a position as CEO of Warsaw-based banking-as-a-service provider, Vodeno.
“Whilst we still believe in the team at Sutor and their innovative platforms, ultimately we recognize that in today’s market, unrecognizable compared to the 2021 market, we can each serve our clients on our own foundations more effectively than via the deal originally agreed,” von Landsberg-Sadie said in a statement earlier this year.
Similarly, Chief Banking Officer, Ian Moore, left the company in September following a year in the role “to pursue other opportunities.”
Tonkin “is ideally placed to lead the business moving forward”
According to the company’s latest press release following von Landsberg-Sadie’s exit, the former CEO left “to pursue new opportunities.” The statement continued that Tonkin “is ideally placed to lead the business moving forward.”
Wednesday’s press release also touted von Landsberg-Sadie’s leadership, stating “the firm secured the largest Series A funding for a company in the UK blockchain industry, and he has since established BCB Group as the cornerstone of the global crypto industry.”
“Tonkin’s appointment is a reflection of BCB’s evolution within an increasingly maturing industry as the firm prepares for continued global growth and expansion,” the press release continued.
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