Jefferies’ global heads of FX prime brokerage and FX prime brokerage distribution have left the investment bank to launch a new digital asset venture together.
Brandon Mulvihill and Anthony Mazzarese confirmed in separate social media updates that they had left the bank after five years to launch a new venture, adding that there would be more details to follow as to the specifics of what it would involve.
“Since originally examining crypto NDF(s) in 2018, Anthony and I have been overwhelmingly inspired by the innovation and growth within the industry, as well as the challenges the industry faces due to such growth,” Mulvihill said on social media.
The pair join a growing list of members of the institutional buy- and sell-side to jump ship in favour of crypto and digital asset focused opportunities.
Most recent was former Goldman Sachs’ partner and head of LCH’s ForexClear, Paddy Boyle, who joined decentralised financial market infrastructure, Bosonic, earlier this week.
Citi’s global co-head of futures OTC clearing and FX prime brokerage, Sabrina Wilson, also left for a chief operating officer role at digital asset custody and trading infrastructure provider Copper.co earlier this month while former chairman of the Commodity and Futures Trading Commission (CFTC) J Christopher Giancarlo joined Digital Asset’s board of directors earlier this year.
“After 18 years of working in FX, I am excited to enter crypto as I fully believe cryptocurrencies and blockchain technology will transform traditional financial markets,” Mazzarese said on social media.
Jefferies declined to comment on the moves.