Jason Leung, global head of Cumberland, the cryptocurrency-focused unit of Chicago-based trading giant DRW, is leaving the firm.
He will be replaced by Chris Zuehlke, formerly chief technical officer at Cumberland, who has been employed with DRW for some 15 years.
A spokesperson for DRW Holdings told CoinDesk:
Leung’s departure follows that of Cumberland COO Bobby Cho at the beginning of last month. Cho spent more than three years helping to build up DRW’s crypto trading desk.
Don Wilson, DRW's founder and CEO, wrote in a letter addressed to the firm's counterparties that "change is to be expected" with any evolving market, adding:
In March of 2019, Cumberland’s global head of business development, James Radecki, a former Goldman Sachs banker, left the firm.
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