Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Jamie Crawley is a CoinDesk news reporter based in London.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Citigroup's (C) head of foreign exchange, Itay Tuchman, who was central to the bank's exploration of digital assets in recent years, is leaving, according to a person familiar with the decision.

He may be moving to take digital assets role, The Block reported, citing someone with close knowledge of the matter.

His departure ends a tenure of about two decades at the bank. For the past 5 1/2 years he has been the bank's global head of foreign exchange. He will be replaced by Stuart Staley, an 18-year Citi veteran, the person said.

Tuchman said in May 2021 that Citi, one of the world's 20 largest banks by market cap, had been seeing a surge in interest around cryptocurrencies. The following month the bank unveiled a digital assets group within its wealth-management division.

If Tuchman does move into a digital assets role, he would join a sizable stream of banking executives moving into crypto. In early July, Galaxy Digital (GLXY.TO) appointed a former Credit Suisse (CS) managing director, Danielle Johnson, as its global head of distribution to oversee sales and product strategy for institutional investors. A month earlier, a trio of JPMorgan (JPM) executives departed to join crypto firms.

Neither Tuchman nor Citi immediately responded to CoinDesk's request for comment.

UPDATE (Aug. 23, 12:03 UTC): Replaces sourcing with a person familiar with the matter; removes Reuters.



Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.