Another day, another executive move in the fast-moving world of cryptocurrency. This time it’s Coinfloor’s turn to make some changes to its executive team.
A document released by the cryptocurrency exchange operator on its Companies House page indicates that it has appointed David Bujan-Tome as a director.
Bujan-Tome took up his new position on the first day of the new year.
The CTO has a swathe of experience working in the institutional financial industry.
He got his start working as a Senior Analyst Programmer at Barclays, where he stayed for almost a decade.
After leaving the bank in 2008, he worked at a number of different firms as a Java Consultant.
In just under a decade, Coinfloor’s new CTO worked for Euroclear, Merrill Lynch, RBS, Morgan Stanley, and BNP Paribas.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
After his various stints at these different firms, he then took up a role as an eFX Developer at RBS in 2014.
He spent two years at the firm before moving to a similar role with American investment banking giant Morgan Stanley.
From Morgan Stanley to the world of crypto
It was from there that he joined Coinfloor. Starting as Head of Technology in January of last year, it seems that Bujan-Tome has done well enough at the cryptocurrency exchange to move up to become CTO.
Bujan-Tome’s promotion comes just two months after Coinfloor shed the bulk of its 40-person staff. According to Financial News, Bitcoin’s crash and a decline in trading volumes hit the exchange operator hard.
Still, it’s not been all bad for Coinfloor in the past few months.
This Monday the firm confirmed the launch of Coin Futures and Lending Exchange (CoinFLEX) – a Hong Kong-based offshoot of Coinfloor which, headed up by company Co-Founder Mark Lamb, is going to be providing physical settlement cryptocurrency futures to Asian retail investors.
And, according to Coinfloor CEO Obi Nwosu, the bulk of the 40-person staff that left the firm have actually been transferred to CoinFLEX.