Nomura’s London-based Head Of The Trading Leads Crypto Subsidiary

According to people familiar with the situation, Steve Ashley, Nomura’s London-based head of trading and investment banking, has stepped down and will take a new job within the bank’s crypto business.

According to the report, Ashley will serve as chairman of the newly formed Laser Digital Holdings. Jez Mohideen, the bank’s head of crypto, will take over as CEO of that entity.

Earlier this year, it was revealed that the bank was planning a big push into crypto, with a plan to hire around 100 people for a new digital asset company by the end of 2023.

In a later press release, Ashley stated that the new company would allow the bank to “build an edge” with institutional clients.

Ashley has recently overseen a comprehensive cost-cutting program in his division. Following massive losses by the Japanese investment bank in 2018, around 350 jobs were lost in 2019.

Nomura announced its first bitcoin futures and options trades on the CME exchange in May. Cumberland, the crypto arm of trading firm DRW, executed the transactions.

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