Published On: Sun, Apr 8th, 2018

Investment Banker Leaves Credit Suisse for Crypto – and He’s Not the Only One

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Swiss multinational investment bank Credit Suisse Group AG does not appreciate its employees promoting cryptocurrencies. According to unnamed sources quoted on Bloomberg, Brian Wirtz, an investment banker at the firm, is a bitcoin and blockchain proponent who is leaving his position after working five years at the financial services giant. Notably, he’s launching a firm that will operate with security token offerings.
Also see: Tom Lee: ‘Massive Outflow’ From Crypto to USD as Tax Day Nears
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Credit Suisse and UBS May Fall Behind Competitors
Wirtz is not the only employee to leave the traditional banking system to pursue blockchain based projects.
According to people familiar with the case, Wirtz was making efforts to involve the bank in crypto projects to ensure it does not fall behind its competitors. Wirtz’s Linkedin profile openly indicates his position as a “blockchain and crypto-asset investment-banking advisory.” Writz also led blockchain exploration for the bank’s tech investment banking unit.

Credit Suisse is not the only Swiss bank that has expressed …

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