Morgan Stanley crypto arm head quits to start DeFi trading firm
Andrew Peel, who led Morgan Stanley’s digital asset markets unit, is departing to start a Zug-based venture bridging traditional finance and decentralized finance.
Morgan Stanley’s head of digital asset markets Andrew Peel has left the bank to launch a new crypto venture, Bloomberg has learned, citing a person familiar with the matter.
Peel, a former Credit Suisse trader, joined Morgan Stanley in 2018. He stepped down from his role in March and plans to start fundraising for his new venture in the coming months, per the sources close to the matter.
The company will reportedly be based in Zug, Switzerland‘s crypto hub, and will include an “asset management vehicle that will both invest in and issue DeFi…
