A group of former Goldman Sachs Group Inc. and Morgan Stanley executives have joined a crypto-trading platform started by their peers, part of a growing cohort of Wall Street veterans betting on the volatile world of digital assets.
Amber Group has appointed former Goldman Sachs partner Dimitrios Kavvathas as Chief Strategy Officer, and ex-Morgan Stanley managing director Todd Miller as Chief Operating Officer for the Americas. Sotirios Kavvathas, a younger brother of Dimitrios who held leadership roles at auditor BDO and Royal Bank of Scotland, will serve as the operations chief for Europe, the Hong Kong-based startup said in a statement Friday. It also added three regional directors for Europe, all of whom hail from the finance industry.
Amber, founded in 2018 by five Morgan Stanley traders, belongs to a crop of fledging firms developing financial services - from over-the-counter trading to derivatives and structured products - for professional crypto traders and investors. In June, the firm raised $100 million from investors including DCM Ventures and Tiger Global Management, boosting its valuation to $1 billion.
