CoinShares, a leading crypto asset manager, has parted ways with its head of asset management, Frank Spiteri, after over five years. The departure comes as the company continues to experience significant revenue growth and expansion in the crypto market.
Frank Spiteri Leaves CoinShares After Over Five Years
CoinShares, a leading crypto asset manager, has lost its head of asset management, Frank Spiteri, according to sources familiar with the matter.
Background and Experience
Spiteri worked for CoinShares in London for over five years, bringing his extensive experience in the financial services industry. Prior to joining CoinShares, he held the position of head of European distribution and capital markets at ETF issuer ‘WisdomTree’.
Departure and Recruitment Efforts
The departure of Spiteri was not part of a wider cull at the company, which is currently recruiting for several positions. According to one person with knowledge of the matter, CoinShares is actively looking for new talent to fill the vacant roles.
Recent Performance and Revenue Growth
In February, Stockholm-listed CoinShares reported one of its strongest quarters to date. The company’s fourth-quarter revenue rose to £48.3 million, a significant increase from £31.6 million in the same period last year. This growth demonstrates CoinShares’ continued success and expansion in the crypto market.
Note on Comment Availability
Spiteri did not respond to a request for comment by publication time, while CoinShares declined to comment on the matter.
