Zodia Custody, a prominent player in the cryptocurrency custody space, has announced the departure of its Chief Financial Officer, Jonathan Hugh. This transition marks a significant change for the London-based firm as it continues to expand its operations.
Key Leadership Changes at Zodia Custody
In addition to Jonathan Hugh’s exit, Samuel Howe, the former Chief Operating Officer of Zodia Custody, has also recently left the company, as reported by various news outlets. These leadership changes come as the firm is navigating a period of rapid growth and transformation within the cryptocurrency industry.
A Grateful Farewell
A spokesperson for Zodia Custody expressed appreciation for Jonathan Hugh’s contributions during his two-year tenure, stating, “Jonathan has been a valued member of the Zodia Custody team. We are grateful for his deep expertise, dedication, and guidance during a period of high growth for the company.” The firm acknowledged that leadership transitions are a normal part of business evolution, emphasizing its commitment to continued growth and development.
Current Growth and Future Plans
Zodia Custody has seen remarkable growth in its workforce, expanding from 97 employees in 2023 to 140 employees worldwide today. The company is optimistic about its future, with plans to strengthen its presence in existing markets while also venturing into new jurisdictions by 2025.
Jonathan Hugh’s Background
Before joining Zodia Custody, Jonathan Hugh held the position of CFO at GSR, a notable crypto market maker. His extensive experience in financial leadership also includes roles in commodities trading at ED&F Man and Noble Group, as detailed on his LinkedIn profile.
Zodia Custody’s Strong Backing
Zodia Custody is supported by several major financial institutions, including Standard Chartered Bank, SBI Group, Northern Trust, and National Australia Bank. This backing positions the firm well for continued success in the evolving landscape of digital asset custody.
In conclusion, while the departure of key executives like Jonathan Hugh and Samuel Howe may raise questions, Zodia Custody remains focused on its growth trajectory and strategic objectives in the cryptocurrency market.
