Finance Magnates learned on Monday that Marco Lim, a former Goldman Sachs executive, has joined MaiCapital – a blockchain-focused asset management firm based in Hong Kong – as a Managing Partner.
According to Benedict Ho, a Co-Founder and Managing Partner at MaiCapital, Lim will be focusing his efforts on growing the asset manager’s business through sales and marketing efforts.
“Marco will focus primarily on marketing and establishing strategic partnerships for MaiCapital and its group companies,” said Ho “His long-standing investment banking relationships and market experience should bolster MaiCapital’ leading position in the digital asset management space.”
Prior to joining the asset manager, Lim spent almost seven years with Goldman Sachs. An Executive Director, he was responsible for driving the investment bank’s electronic fixed income, currency, and commodities business.
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From FXCM to Goldman Sachs
Just working at Goldman Sachs for over five years would provide anyone with serious experience that could be carried forward to another company. But before working for Goldman Sachs, Lim also worked as a senior executive in Credit Suisse’s foreign exchange (FX) division.
Some of our readers may also be familiar with Lim from his time working in the retail trading industry. In the mid-2000s, alongside a short stint with Deutsche Bank, he spent three years in FXCM’s institutional sales division and a year in Oanda’s FX sales team.
Lim joins MaiCapital at an interesting time. The firm is focusing its efforts on investing in the burgeoning blockchain industry and cryptocurrency market.
Of course, as our readers will be well aware, the cryptocurrency market has tanked in the past three months. Though the market has largely stabilised since crashing last November, trading volumes are substantially lower than they were 12 months ago.
With retail investors turning away from cryptocurrency trading, many exchanges are attempting to replace them by attracting institutional investors who, as opposed to retail traders, can place a smaller number of large volume trades.