B2C2 names former Citadel Securities fixed income operations chief as Group CEO

New group CEO has been promoted to the role after serving as chief executive officer, USA for B2C2 over the last year.

Crypto market maker B2C2 has appointed former global chief operating officer of fixed income at Citadel Securities, Nicola White, as group chief executive officer.

She will replace Phillip Gillespie, who will step down from the role to focus on a ventures role with SBI, the Japanese financial group which acquired B2C2 in 2020.

White has been promoted to the position after serving as chief executive officer, USA for B2C2 over the last year. During her tenure, she led the effort to expand B2C2’s capabilities in electronic trading across spot and derivatives.

Before joining B2C2, White spent five years at Citadel Securities, most recently serving as global chief operating officer of fixed income. Prior to that, she was global head of electronic markets within the fixed income division at Morgan Stanley.

“I knew we made a strong hire when Nicola joined the New Jersey office in 2021. Earlier this year I supported her promotion within B2C2’s leadership,” said Max Boonen, co-founder and director of B2C2.

“The next twelve months in the crypto market will not be for the faint of heart and I am glad to have Nicola with us as we embark on an aggressive effort of market share expansion.” 

Alongside White’s appointment, B2C2 also recently named Thomas Restout as chief executive officer of EMEA.

Restout joined B2C2 from Morgan Stanley, where he most recently served as global head of macro electronic trading. According to B2C2, he has brought additional and complementary market knowledge, as well as risk management and product innovation expertise to the firm.

“I am honored and excited to be appointed to the role of Group CEO at this time of significant growth for the firm,” said White.

“Despite the current stresses the market is experiencing, in the future the crypto market will emerge stronger, and I’m looking forward to working with Thomas and my outstanding team as we drive the industry forward.”