Phillip Gillespie, the Chief Executive Officer (CEO) of digital assets pioneer and liquidity provider B2C2 has stepped down from his position in the firm. Remarkably, Gillespie was the one who supervised the company’s takeover by Japanese bank SBI Financial Services.
Henceforth, he will focus on taking the role of venture capital with SBI Financial Services. According to a published statement from the company, Nicola White who has been going through a planned transition for the past three months has been appointed and is taking over as the group CEO.
“I knew we made a strong hire when Nicola joined the New Jersey office in 2021. Earlier this year I supported her promotion within B2C2’s leadership. The next twelve months in the crypto market will not be for the faint of heart and I am glad to have Nicola with us as we embark on an aggressive effort of market share expansion,” said Max Boonen, Co-Founder & Director of B2C2
White was previously the CEO of the B2C2 United States office. During her time there, her core responsibility was to expand B2C2’s capabilities in electronic trading across spot and derivatives. She was instrumental in B2C2 U.S amassing significant market shares across institutional clients.
Before joining B2C2 in July 2021, she served as the global Chief Operating Officer (COO) of fixed income for Citadel Securities. Also, Nicola White worked with Morgan Stanley as the Global Head of Electronic Markets within the fixed-income division. Altogether, White brings onboard more than twenty years of industry experience and expertise to B2C2.
B2C2 Provides Liquidity to Clients Amid FTX Crisis
“While we are experiencing volatile times in the crypto market, our firm has continued to provide critical, deep liquidity to our clients,” She continued “Despite the current stresses the market is experiencing, in the future, the crypto market will emerge stronger, and I’m looking forward to working with Thomas and my outstanding team as we drive the industry forward.”
A company spokesperson has announced that the new appointment and resignation of Gillespie are not connected to the FTX market implosion which is gradually leading to bankruptcy. Presently, the distraught crypto exchange is under several investigations and probes from the U.S Securities and Exchange Commission (SEC), the Securities Commission of the Bahamas, and many others.
