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Crypto Banking Firm BCB Group CEO Quits 5 Months After His Deputy
Oliver Tonkin has replaced Oliver von Landsberg-Sadie at the crypto banking firm.
Updated May 29, 2024, 4:46 p.m. Published Nov 22, 2023, 12:59 p.m.
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BCB Group CEO Oliver von Landsberg-Sadie has left the firm to pursue new opportunities, the crypto banking firm said in a Wednesday email.
His departure comes just five months after Deputy CEO Noah Sharp, who quit following an attempt to buy Germany's Sutor Bank failed due to regulatory concerns and market conditions. Chief Banking Officer Ian Moore left the business in September.
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Sharp's replacement, Oliver Tonkin, has taken over from von Landsberg-Sadie as CEO.
Tonkin also previously held the role of general counsel at the firm. His elevation to CEO is a reflection of the "increasingly maturing [crypto] industry as the firm prepares for continued global growth and expansion," BCB said.
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Banking giant Intesa Sanapolo discloses $100 million bitcoin ETF holdings, along with Strategy hedge
The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings.
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- Intesa Sanpaolo disclosed $96 million in bitcoin ETF holdings, including ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust.
- The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings.
- The filing used the Share-Defined designation, which suggests the investment decisions were made jointly by Intesa Sanpaolo and executed by affiliates.
