Tuesday, 19 June 2018

Wachsman hires senior bankers to lead strategic advisory group


 
KUALA LUMPUR, June 14 (Bernama) -- Wachsman, a blockchain professional services firms, has hired two senior bankers from investment banks Jefferies and J.P. Morgan to lead a new blockchain strategy and advisory division.

The company in a statement said the senior bankers are Michael Chang and Franklin Bi from Jefferies and J.P. Morgan respectively.

Formerly Senior Vice President, Technology Investment Banking Group at Jefferies, Michael Chang joins Wachsman as Managing Director Strategy and will lead the firm´s new Strategic Advisory Group in New York.

Chang will be supported by Associate Director Franklin Bi, former Vice President and Blockchain Strategy Lead for J.P. Morgan´s Blockchain Center of Excellence.

Wachsman´s Strategic Advisory Group will provide blockchain consulting and advisory services to Wachsman´s existing clients as well as publicly-traded corporations and privately-held companies globally.

The firm´s Chief Executive Officer, David Wachsman said with both experience and expertise, Wachsman now have the talent to offer a wider range of services. Wachsman was proud to have attracted some of the brightest minds in blockchain to lead the new group.

During his tenure at Jefferies, Chang founded and led the firm´s blockchain coverage effort where he developed and executed blockchain strategies for clients ranging from large corporations, to institutional investors, to emerging blockchain companies.

While Franklin Bi spent four years at J.P. Morgan leading business strategy and use case prioritization for blockchain initiatives across wholesale banking, custody and fund services, and capital markets.

Wachsman was founded in 2015 with a client portfolio of some of the largest and indispensable companies and projects in the blockchain ecosystem, including CoinDesk, eToro, Dash, tZERO, Steemit, Bitfinex, Crypto Valley Association and Lisk.

--BERNAMA 

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