BitGo, which provides custody services for digital assets, has hired Nick Carmi as head of financial services, based in New York.
Carmi joins from Tower Research Capital (Tower), where he was global head of the FICC business. He will report to BitGo CEO, Mike Belshe.
“Nick brings the right type of experience for BitGo to bridge between the complex technology of digital assets and the traditional financial markets. Nick brings a wealth of industry knowledge and has built these types of systems before,” says Belshe. “Nick will be critical to our future progress, helping us meet the existing needs of traditional clients while also helping us build a better financial market of the future in ways that can only be done with digital assets.”
At Tower, Carmi ran the firm’s FX and fixed income businesses and was responsible for oversight of operational risk, prime brokers’ leverage and counterparty trading limits, developing access to new products including NDFs, currency options and cryptocurrencies.
Prior to joining Tower in 2015, Carmi was a director in listed and OTC clearing sales at Deutsche Bank, where he helped start fixed income prime brokerage for treasury and repo services and assisted the equity derivative franchise in building out its OCC clearing service.
He joined Deutsche Bank from SpreadZero, a dark pool business for fixed income securities, where he was CEO. Earlier in his career he worked at Barclays, Lehman Brothers, UBS and Credit Suisse in a variety of prime brokerage-related roles.