Blockchain software firm BitGo announced on Monday it has appointed former Senior Vice President at Xapo, Pete Najarian, as its new Chief Revenue Officer.
According to BitGo, Najarian has more than 20 years of experience working in international finance with institutional investors. Prior to Xapo, Najarian served as Global Head of Emerging Markets Sales for Royal Bank of Scotland, where he was responsible for the organization and leadership of institutional sales teams in 27 countries with a specific focus on Fixed Income, loans, currencies, and commodities.
Speaking about the appointment, Mike Belshe, CEO of BitGo, stated:
“Pete has a deep understanding of capital markets and an exceptional breadth of experience in financial services. This makes him a perfect partner for institutional investors who are entering the cryptocurrency market. We’re building the financial infrastructure of the future and Pete’s experience in both traditional financial markets and cryptocurrency will be critical. I’m delighted to have him on my leadership team.”
Najarian went on to add:
“In my conversations with institutional investors, it’s clear that interest in cryptocurrency continues to grow, and that there is a real and significant opportunity. I’ve spent my career working with institutional investors and what impressed me about BitGo is the company’s commitment to delivering both the services and depth of client engagement that are required to build long-term partnerships with institutional investors.”
Coinbase, a cryptocurrency exchange platform, recently reported that its Coinbase Custody completed the acquisition of Xapo’s institutional businesses. Xapo was founded with the mission of making Bitcoin more secure and accessible. Coinbase noted it will extend Xapo’s legacy and bring it yet another step closer to achieving its mission.
“Through the acquisition of Xapo’s institutional businesses, we’re now proud to act not only as the gateway for millions of people to cryptocurrency, but also as the world’s largest and most trusted steward of digital assets. Xapo has been a tremendous flagbearer for Bitcoin and the economic equality it can offer to billions across the globe. We’re honored to carry this flag onward.”