US-based capital markets blockchain outfit itBit has hired Jason Nabi, SocGen's post-trade services lead, to head up a new London office as it seeks to expand its services in Europe, the Middle East and Africa.
Nabi beagn his career as a dealer on the London Stock Exchange, and has since held senior positions at Bloomberg, IBM Global Services, BNP Paribas Securities Services, Markit, and most recently at Societe Generale, where he acted as global business lead for post-trade services.
Alongside his role at SocGen, Nabi also acts as an advisor to the London-based Post-Trade Distributed Ledger Working Group, which is coordinating the industry's response on blockchain developments.
Describing London as major financial service hub with a concentration on blockchain and fintech innovation, itBit CEO Chad Cascarilla, says: “We are pleased to bring an industry veteran like Jason Nabi onto the team, given his leadership in blockchain applications for post-trade services and his deep understanding of financial markets globally.”
ItBit's product suite consists of digital currency trading services, digital asset trust and custody services and Bankchain, its flagship clearing and settlement system for institutions.
Says Nabi: “The industry is at a turning point with distributed ledger technology, and I believe that itBit is the best-positioned firm to be a leader in this area with its Bankchain offering.”