Perhaps the grass is really greener on the other side.
We’ve reported to you over the past few weeks the many moves by traditional finance players who’ve left their positions for the crypto space.
The latest defector is Ray Kamrath. He recently left Jefferies Group to start a cryptocurrency outfit.
Here, we discuss how he saw greener pastures, and opportunities in the world of cryptos.
Transitioning
While at Jefferies, Kamrath was the global head of foreign exchange for three years. Prior banking positions Kamrath held include being the founder and chief executive officer of Faros Trading, and a managing director at Goldman Sachs (NYSE:GS). He sold Faros Trading to Jefferies in 2015.
He left the Jefferies’ position last month to help start the crypto outfit Rubicon Markets. For the firm, Kamrath is the chief marketing officer. He’s working with Andrew Lawrence and Charlie Walden, who are the chief executive and chief marketing officers, respectively.
Stepping out on faith
The group has fewer than 15 employees, but the plans it has in place to disrupt the crypto space could help it significantly increase that number. Those plans call for the creation of a cryptocurrency derivatives exchange, as well as a digital token.
Rubicon’s mission is to “further the evolution of the ecosystem by building and operating liquid derivatives exchanges for use by present and future ecosystem participants.”
To Bloomberg, Kamrath said the following:
“[Cryptocurrencies] are the future of the capital markets and the economy at large. It was too good an offer to refuse.”
This article appeared first on Cryptovest
