Eqonex CEO Steps Down Amid Talks of Potential Merger Options

CEO Richard Byworth will step down with immediate effect and be replaced by Chief Operating Officer Andrew Eldon on an interim basis.

Dec 20, 2021 at 1:18 p.m. UTC
Updated Dec 20, 2021 at 2:54 p.m. UTC

The CEO of digital assets financial services firm Eqonex is to step down as the company holds talks on a potential merger or takeover.

  • CEO Richard Byworth will step down with immediate effect and be replaced with chief operating officer Andrew Eldon on an interim basis, Eqonex announced Monday.
  • Eqonex is “engaged in ongoing strategic discussions with third parties including the evaluation of merger or takeover options,” according to the statement.
  • These moves are being made as part of a broad review of the company’s strategic direction, with the pursuit of “transformational” opportunities, Chairman Chi-Won Yoon said.

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Jamie Crawley is a CoinDesk news reporter based in London.