Following the recent launch of its digital asset trading-focused company, Edgewater Digital Technologies, Edgewater Markets LLC has announced that it is restructuring its organization, which has led to some changes within its top management.
Edgewater Markets is a provider of electronic foreign exchange (forex) workflow management solutions. Its cryptocurrency business, Edgewater Digital, is focusing on creating an institutional on-ramp for digital asset trading.
Jeff Johnson, who joined Edgewater Markets back in 2014 as the Chief Financial Officer (CFO), currently holds the title of Chief Accounting & Control Officer for the forex firm since April of this year.
With the organizational changes, Johnson, who has more than 25 years of experience in the FX industry, has also been appointed to the role of Chief Operating Officer (COO) at Edgewater Digital Technologies, which he will hold concurrently.
Edgewater promotes Matthew Kassel to COO
Matthew Kassel, who was appointed to the role of Global Head of FX Products in 2018, has also received a promotion, as he now serves as the COO for the FX-focused firm.
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Kassel has more than two decades worth of industry experience under his belt. He has been part of Edgewater since 2011, initially joining as Managing Director & Global Head of FX Liquidity. As the COO, it will be Kassel’s responsibility to improve the efficiency of the company.
The final change announced this week concerns Alessandra Bozzo, who has been the Chief Administrative & Marketing Officer of the New York-headquartered company since 2016. Following the launch of its crypto-focused division, she will now also hold the role of Chief Administrative Officer at Edgewater Digital Technologies.
Prior to working with eFX firm, Bozzo was employed at Bridgewater Associates, the largest hedge fund company in the world. While here, she was the Leverage support to the Core Management Information System’s Head of IT Architecture and the Head of Engineering & Integration.
Commenting on the changes, Skovran Schreder, co-founder and CEO of Edgewater Markets said: “These changes represent a significant step toward streamlining our operations in a way that will greatly enhance our ability to maximize our business.”
“This new structure will enable us to allocate resources and personnel expediently as industry conditions dictate. We are confident that our restructure will enable us to benefit from many new, extraordinary opportunities ahead, positioning Edgewater for continued success. These changes will allow us to further strengthen and expand our offering in the sector.”