Digital Asset’s Europe Head Is Latest to Leave Enterprise Blockchain Startup
The upheaval continues at venture blockchain company Digital Advantage (DA), with the media that Gavin Wells will step down from his role as head of Europe next month.
Oliver Hugh-Jones, head of business development for Europe, will assume every one of Wells' client-facing responsibilities, a spokeswoman for DA showed CoinDesk Thurs night. Wells' departure was reported earlier by Risk, a financial industry publication.
"I joined Digital Asset to learn about the technology, but I stayed as a result of people I met there, " Wells told the magazine.
It is not clear where he should go. Before joining the company, Wells had senior overseas exchange positions at Uk clearing house LCH and global megabank Citigroup.
Important departures
Approximately a week ago CoinDesk revealed that James Powell, CIO and CTO of engineering at Digital Asset, had kept the application company. Powell's tasks at DA were believed by Shaul Kfir, the CTO of architecture and an associate of the starting team.
These moves arrived in the wake of CEO Blythe Masters moving down in December. Her departure surprised many in the enterprise blockchain industry, since the Wall Streets veteran was considered the very personification of WEIL, and, to some degree, of the distributed journal technology (DLT) space itself.
DA is seen as something of your bellwether for industrial-grade DLT upgrades and integration as a result of its starting to replace the Foreign Stock Exchange's (ASX) MENTALLY STIMULATING GAMES clearing and settlement system. Although the deadline for the project has been pressed back to early 2021, ASX told CoinDesk in an interview last season that Masters' departure would not impact its fb timeline.
The 175-employee DA is hiring. Zohar Hod, a trading technology veteran, was brought in as the chief strategy officer, coinciding with Powell's departure. Hod reports to co-founder and chief operating officer Yuval Rooz.
Picture of 4 World Trade Center in New york city, headquarters of Digital Asset, via Wikimedia Commons
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