Yesterday the SIX Digital Exchange (SDX) announced it has a new leader. David Newns from State Street will be taking the reigns on October 6, subject to FINMA approval. Current SDX leader Tim Grant is moving to crypto asset manager Galaxy Digital as head of Europe. He joins Galaxy next week, according to TheBlock.
It’s almost exactly two years since the departure of the first SDX leader was announced. Martin Halblaub left in 2019 over strategic differences, apparently because SDX would not be a separate legal entity and remains part of the SIX Group that operates both the Swiss stock market and major payment systems, as well as owning the Spanish exchange BME.
Grant, who took over in March 2020, referred to himself as CEO of SDX, but that’s a term that SIX avoided because SDX is part of the same company.
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