Related Articles
Hype
Join our community of 10 000 traders on Hacked.com for just $39 per month.
Brian Wirtz necessity have been a fish out of water at Credit Suisse Group AG. The investment banker for the bank’s tech, device and telecom group was more interested in evangelizing cryptocurrencies than he was household deals, and most likely that made him the odd man out at a firm as traditional as Merit Suisse.
Wirtz is leaving the Swiss bank where he was employed for close to five years to start his own venture advising ICO companies with a spotlight on those issuing security tokens, according to Bloomberg.
According to his LinkedIn make a bundle, Wirtz in his role at Credit Suisse was an “investment banker focused on dollop crypto core teams achieve their strategic missions.” Wirtz at one time described himself as the head of blockchain advisory at the bank, which should not fail him well when advising ICO startups. He further calls himself a “steersman blockchain, cryptoasset, investment banking,” but the bank couldn’t contain his cravings.
Here’s what you should know about Wirtz –
- He’s been involved with bitcoin since 2012
- He “brought it with him to Credit Suisse in 2013”
- He fought for six months to hire a bitcoin mining company at the bank
His move to advise ICO startups is a reward for the industry. He’s previously explored themes such as where the industry is in the circle as compared to the rise of the internet as well as how companies should be investing in blockchain technology.
Security-Token ICOs
As far as Exasperate Street banks go, Credit Suisse is on the outskirts of the nascent crypto buy, having hosted cryptocurrency conferences for institutional investors in major US towns that inspired hundreds of bitcoin enthusiasts. Even Wirtz before you can turn around said that Credit Suisse “was leading the charge among swell out brackets for cryptocurrencies.”
But Wirtz is setting out for green pastures, with devises to launch a startup seemingly to advise security-token ICOs, which betrays more regulatory heft to the deals versus utility tokens.
It’s a trace that should bolster confidence among ICO issuers, as a banker who has been employed with major tech deals is lending his experience to new coin issuance, where regulators enjoy been circling amid a Wild West environment. He’s accustomed to between engagement with regulated securities and therefore will provide a certain amount of compliance that entirely frankly the market probably needs.
Wirtz gave Credit Suisse the opening to become more engaged with cryptocurrency-fueled deals, according to the circulate. But for all of his good intentions, Wirtz couldn’t accomplish all he wanted within the confines of a vital investment bank and a CEO, Tidjane Thiam, who is still apprehensive about cryptocurrencies. Depend on Suisse is investing in blockchain, but so is JPMorgan, and the league tables have yet to relate the rankings among cryptocurrency deals.
Follow us on Telegram.
Advertisement