Digital Asset’s head of Europe, Gavin Wells, plans to step down from his role at the blockchain technology specialist next month, Global Custodian understands.
Wells is expected to explore new opportunities outside of the industry.
According to one person with knowledge of the matter, Wells told the Digital Asset team at the back-end of last year that he will leave after nearly three years with the company.
He also said he would stay with the company as long as it was needed to ensure continuity for the business and its clients.
Digital Asset will be transitioning his client-facing responsibilities to Oliver Hugh-Jones, head of business development for Europe.
Hugh-Jones joined Digital Asset in August last year from tech vendor FIS, where he was previously head of sales for global trading and buy-side solutions.
Wells is the latest high-profile departure for Digital Asset after Blythe Masters, CEO and long-time face of blockchain technology, announced her departure from the company in December last year.
Former Google, Uber and Amazon Web Services director AG Gangadhar has since taken over her role as chairman of the board and acting chief executive.
However, earlier this month Digital Asset hired FinTech veteran Zohar Hod as its new chief strategy officer.