Crypto Market Maker GSR Names Rosenblum, Song as Co-CEOs [Financial Post (Toronto, Ontario, Canada)]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — GSR Markets, one of the biggest market makers in crypto, said Jakob Palmstierna is shifting to the role of president from the position of chief executive officer, which will be shared by Rich Rosenblum and Xin Song. The new structure will allow GSR to better serve clients located in different time zones with crypto booming again, Rosenblum said in an interview. London-based GSR has about 200 employees worldwide. In the first half of the year, revenue has more than tripled from the year-ago period, he said. Article content “When I am awake, I am basically CEO and COO, and when I am asleep, he is CEO and COO,” Rosenblum said. “It makes it so we have 24-hour coverage.” Rosenblum, who served as president, co-founded GSR in 2013 with Chairman Cristian Gil after working as global head of crude oil and derivatives trading at Goldman Sachs and running e
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