Caroline Mauron, Deutsche Bank’s former co-head of FX for APAC, has set up a crypto firm.
Singapore-based Mauron is now the co-founder of OrBit Markets, which creates “next-generation crypto options and structured products to meet the growing demand for more sophisticated and innovative yield enhancement and investment solutions in digital assets,” according to its website.
Mauron joined Deutsche’s Singapore office as an FX exotics trader back in 2008 following stints at BNP Paribas and Lehman Brothers, according to her LinkedIn profile. She became APAC head of FX derivatives trading in 2015, and co-head of FX in 2018, a MD-level role with responsibility for currencies and precious-metals trading and structuring.
She has set up OrBit with Tianjiao Sun, who spent six years in the trading and risk management of FX derivatives at Deutsche Bank in London, before moving in 2014 into performance optimisation for deep learning as part of a PhD in Computing from Imperial College London. His research includes stints at Microsoft Research, DeepMind and Cerebras Systems.
Setting up your own company isn’t the only way to leave banking for a crypto business. “The crypto firms have in recent periods aggressively hired senior investment bankers and have shown to be willing to pay extremely high compensation to attract these talents,” Gary Lai, Asia managing director at Charterhouse Partnership, told us last month.
Maik Lutze left Standard Chartered last October to join EQONEX Group, a Singapore-headquartered digital assets financial services company, as head of customer experience and design. Meanwhile, Hong Kong-based cryptocurrency exchange AAX told us earlier this year that it is building a team in Singapore, in functions such as compliance, marketing, treasury and account management.
But banks in Singapore are also doing their own hiring in the crypto space. DBS runs a digital exchange, while Standard Chartered is building a digital-assets unit in the Republic as it launches new initiatives powered by blockchain.
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