GSR Intensifies Client Focus with New Co-CEO Structure Amid Changing Landscape
2024年6月26日 - 7:44PM
ビジネスワイヤ(英語)
New Co-CEO structure aligns with the firm’s
commitment to 'calculated creativity.’
GSR, the global cryptocurrency trading firm and liquidity
provider, today announced that Rich Rosenblum and Xin Song have
been appointed as Co-Chief Executive Officers (CEOs), effective
July 1st, 2024. Jakob Palmstierna, who has served as CEO for two
and a half years, will transition to the role of President.
In their new roles, Rosenblum and Song will guide the firm
toward continued growth as the leading global provider of digital
asset trading and risk management solutions. Rosenblum, who
co-founded the company alongside Cristian Gil, brings over two
decades of experience in trading, including his tenure at Goldman
Sachs. His expertise in helping corporates navigate volatile
markets has been instrumental in shaping GSR's client-focused ethos
over the last decade.
Song, who joined GSR in 2019, has rapidly ascended through the
ranks, demonstrating exceptional execution skills. He spearheaded
the opening of GSR's Singapore office and built the company's Asia
franchise, securing GSR's position as the only market maker
licensed to operate under Singapore's Monetary Authority of
Singapore (MAS). Song's diverse background in both startups,
including running his own crypto hedge fund, and large corporations
such as BlackRock, coupled with his recent role as COO, makes him
an ideal counterpart to Rosenblum.
“These changes are a natural next step in GSR’s evolution,” said
Cristian Gil, Chairman and Co-Founder, GSR. “The industry is at an
inflection point and we must remain agile and innovative in how we
serve our clients today while also proactively positioning
ourselves for the future.”
In his new role as President, Palmstierna will be leading GSR’s
client franchise, which recently expanded with the creation of a
Partnerships and dedicated Client Services team. During his tenure
as CEO, Palmstierna successfully navigated GSR through the
tumultuous 2022-23 bear market, not only safeguarding the firm but
also solidifying its reputation and leadership position in the
industry. Under his guidance, GSR expanded its client base and
maintained profitability despite market headwinds.
“I look forward to working alongside Rich and Xin,” said
Palmstierna. “Their deep understanding of the digital asset space
and complementary strengths uniquely position them to lead our
efforts as the industry evolves and matures. With the US market
opening up and the competitive landscape intensifying, their
balanced leadership will be crucial in accelerating our ability to
ideate new business ideas and execute them effectively.”
"Xin and I are thrilled about the potential of our partnership,"
said Rosenblum. "We're creating a powerful synergy by combining my
creative perspective with his strategic, analytical approach. This
blend of innovation and calculated decision-making not only
enhances our client service but also reinforces the cornerstone of
our mission: to deliver cutting-edge solutions tailored to our
clients' evolving needs."
"Our exceptional team is the backbone of GSR's success," said
Song. "We’re proud of our ability to straddle traditional finance
and crypto, as well as cultures across the globe to better
understand and serve our clients. In the coming year, we'll be
rolling out the next generation of our trading platform, expanding
capabilities to further cement our position as a trusted co-creator
for the industry."
The leadership transition reflects GSR’s commitment to ensuring
strong, sustainable leadership and positioning the company for
continued success. This new structure is particularly notable in
the US, where political winds are shifting and the stance towards
crypto is evolving positively. The company remains dedicated to
delivering exceptional value to its customers and partners.
About GSR
GSR has over ten years of digital asset market expertise as a
liquidity provider and active, multi-stage investor. Our suite of
services includes OTC Trading, Market Making, and Treasury
Management. GSR is embedded in every major sector of the digital
asset ecosystem, working with token issuers, institutional
investors, miners, and leading trading venues.
Visit www.gsr.io for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626718805/en/
Media Contact Haley Malanga, VP Public Relations, GSR
haley.malanga@gsr.io