One c-suite executive and several department heads have left trading firm GSR since late last year including its CFO Jonathan Hugh.
Amid this retrenchment, multiple executives, including c-suite level and department heads, have headed for the exit, according to five sources. Those sources also revealed how the retrenchment is impacting one of the industry’s best known players — one that is especially prominent in the U.S. market.
Other departures include Jake Dwyer, who joined the firm in 2021 leading GSR’s DeFi and venture initiatives. Romain Bernard, head of quant trading and trader Quentin Dubois have also exited the company, according to the people familiar with the matter. Jeff Stern, a director of business development at GSR, also left,Bernard, Vince, Dubois, Bosc and Bhalla did not respond to a request for comment. Bressler and Stern declined to comment, while Dwyer confirmed his departure.