The growth of the leading cryptocurrency asset manager Grayscale Investments has pushed the company into appointing three new C-suite hires. As a result, the company has filled the roles of Chief Operating Officer, Chief Compliance Officer, and Chief People Officer.
New C-Suite Hires In Grayscale
Founded in 2013, Grayscale is a crypto asset manager that enables institutions and corporations to receive exposure to BTC and other digital assets without worrying about managing or storing the holdings. The company has enjoyed the recent bull run by expanding its AUM by 10x in 2020 alone and nearly 2x since the start of 2021 to almost $40 billion.
Apart from this impressive growth, Grayscale recently made an internal restructuring after Michael Sonnenshein replaced Barry Silbert as its Chief Executive Officer. Now, though, Grayscale has announced even more C-level developments in its corporate structure.
Hugh Ross, coming from an NYC-based investment manager in which he served as the COO for 12 years, will assume the same role at Grayscale as well. Previously, Ross also served as the Vice President at Goldman Sachs.
Benjamin Melnicki will take the role of Chief Compliance Officer (CCO). Interestingly, he comes from Ripple Labs, where he occupied the role of America’s Head of Regulatory Affairs and Regulatory Counsel. Before that, Melnicki served as the Global Regulatory Counsel to Blockchain.com and as CCO for Noble Bank International.
Grayscale will also employ Angela Romano Kuo as the firm’s Chief People Officer (CPO). Kuo has “helped lead organizations through rapid expansion while focusing on making those organizations amazing places for both career and personal development.”
Investing In People
With the aforementioned new appointments, Grayscale has continued to expand its personnel as it doubled the headcount in 2020 alone. Company CEO Sonnenshein reaffirmed that the firm will continue to “heavily invest in people” this year as well.
He also commented on each of the new hires, outlining their potential vital role for the company’s growth:
“I could not be more excited to announce the addition of Hugh, Ben, and Angela to the Grayscale leadership team. All three of them display the unique combination of qualities we most value at Grayscale: ambition, integrity, and professionalism in all that they do. They also bring incredible, market-leading experience from their respective fields that we will begin leveraging immediately.”