Digital asset trading and market making firm, GSR, today announces the appointment of Aman Bhalla as director of trading operations and Meng Hwee Neo as director of trading, Asia.
Bhalla and Neo are the latest to join the GSR team, which includes executives from firms including Goldman Sachs, TwoSigma and Tower Research. According to a statement from GSR announcing the hires, the pair brings extensive expertise in traditional financial markets, namely commodities and derivatives, “essential for GSR’s continued development of institutional-grade products and market-making services for the digital asset space”. GSR trading volume so far this year has already surpassed its total for all of 2019, according to the firm.
Bhalla will oversee all aspects of GSR’s trading operations, including assisting the business to support new products, focusing on credit risk and helping to expand the firm’s back and middle office functions. Prior to joining GSR, Bhalla was commodities business manager in Europe at Citadel. He has also served as head of financial operations (EMEA) at Mercuria Energy Trading SA, and was a vice president at Goldman Sachs, managing its commodities middle office team.
“We’re committed to adding the sharpest talent from traditional finance as we continue to help build a mature digital asset marketplace,” says Cristian Gil, co-founder. “Aman and Meng Hwee’s extensive experience at some of the world’s most respected financial institutions will help pave the way for further growth and ensure that we continue to meet the needs of an increasingly sophisticated investor base.”
“I’m excited to join the GSR team at a key point in the evolution and institutionalisation of the digital asset market,” says Bhalla. “More than ever, crypto asset investors need tailored products to satisfy specific risk appetites and regulatory requirements. I look forward to working with our team to ensure a robust, professional and efficient trading operation.”
Neo will manage and expand GSR’s regional trading relationships and implement trading strategies tailored to regional and country-level needs and trends. Neo previously served as a senior equity derivatives trader at United Overseas Bank (UOB), Southeast Asia’s third largest bank by total assets. At UOB, he specialised in managing exotic derivative portfolios. He has also worked as head of risk and global markets at Levitas Capital, a quantitative risk specialist at CIMB, and a business analyst at JPMorgan Chase.
“Asia has long held a position of importance in digital asset markets, especially for exchanges and institutional investors interested in expanding their exposure to this rapidly growing asset class,” says Neo. “I look forward to further expanding GSR’s footprint in the region.”
Founded in 2013, GSR specialises in providing liquidity, risk management strategies and structured products to sophisticated global investors in the digital assets industry. GSR works with token issuers, traders, investors, miners, and more than 30 cryptocurrency exchanges, and is a founding member of the Association for Digital Asset Markets(ADAM), which is working to establish and maintain industry standards and protocols to support the healthy development and evolution of the global digital assets industry.