Edgewater Markets has reshuffled two of its management team following on from the recent announcement of its digital asset-focused spin–off, Edgewater Digital Technologies (EDT).
Jeff Johnson, who is currently the chief accounting and control officer at Edgewater Markets, will now also serve as the COO of EDT in addition to his existing role, while Matthew Kassel has assumed the role of COO for Edgewater Markets. Both are based in New York.
“These changes represent a significant step toward streamlining our operations in a way that will greatly enhance our ability to maximise our business. This new structure will enable us to allocate resources and personnel expediently as industry conditions dictate,” says Skovran Schreder, co-founder and CEO of Edgewater Markets.
Johnson initially joined in 2014 as CFO, before being named as COO in 2017 and then handed his current role in April 2019.
Before that, Johnson spent four years at Bank of America Merrill Lynch as a vice president in the firm’s FX prime brokerage business, was an associate director at Barclays, a vice president at Credit Suisse and a manager at Currenex.
Prior to that, he was an assistant vice president at Credit Suisse First Boston between 1998 and 2000 and also worked as a director at CIBC and as an associate at Morgan Stanley.
Kassel joined Edgewater in 2011 as managing director and global head of FX liquidity, before being named as global head of FX products in 2018.
Before that, he had stints at Rosenthal Collins Group as director, head of FX, and at Gellos Capital as a portfolio manager. Prior to this, Kassel spent five years at ING as director of FX, four years at Dresdner Kleinwort as vice president of FX trading and one year as head of FX strategy at IDEAglobal. Kassel began his career in financial services at AIG, where he worked between 1994 and 2002, eventually becoming director and head of FX trading, APAC, at the firm.