Former JPMorgan and Barclays executives: Why crypto jobs are attractive even in a bear market

Former JPMorgan and Barclays executives Why crypto jobs are attractive even in a bear market

While the cryptocurrency winter is forcing a number of layoffs at many companies, others are pushing for hiring. Bitcoin ETFs issuer 21Shares is expanding its team, and in very senior positions.

CFO highly desirable

It turns out that despite the poor condition of the cryptocurrency market, qualified and new employees are still in high demand. 21Shares has set its sights on hiring several new CFOs to expand its presence in jurisdictions such as France, Germany and the United Arab Emirates. It is worth mentioning that these are widely known names, having previously represented banks such as JPMorgan and Barclays. They themselves have decided to share their opinions on the current state of the market.

Marina Baudéan, the newly appointed head of 21Shares for France, Belgium and Luxembourg, has 15 years of experience working at Barclays. She comments on her start in the crypto industry as follows:

“I started my career in electronic trading of fixed-income instruments back in 2000, when traders told me they would never trade electronically. More than twenty years later, this market is now very electronic. Making the transition from traditional finance to cryptocurrencies was a natural progression for me.”

Long-term outlook

Oliver Schäfer, has been appointed as the new head of 21Shares in Germany. His previous experience includes at least 15 years spent at US investment bank JPMorgan. He comments on the change of employment, which he has currently made, with these words:

“I believe in the long-term opportunities of cryptocurrencies – the asset class is growing and is only in its early stages of development, so I focus on the long-term rather than short-term market conditions.”

In further words, Schäfer added that the current time is very exciting for cryptocurrencies. In doing so, he admitted that he made his first investment in the sector in 2020. Currently, he is increasingly fascinated by the development of blockchain technology and the horizons it opens up.

Distrust a natural companion to development

Schäfer is a particularly interesting figure in this view. His boss to date has been Jamie Dimon, who, despite having brought cryptocurrencies into the realm of JP Morgan investments, has always spoken about them with a great deal of skepticism. Schäfer finds some justification for this approach:

“It is important to remember that throughout the course of history, many people were initially skeptical of technological developments before they were accepted into the mainstream – as in the case of computers and cell phones. This is the natural course of technological progress.”

The 21Shares lineup has also expanded to include the former head of asset management, at Dubai-based Al Mal Asset Management, Sherif El-Haddad. In turn he frames his presence in the market as follows:

“I believe in the fundamental virtues of cryptocurrencies and in their growth expected over the next decade. Therefore, I am positioning myself under them accordingly.”

Disclaimer: Blockbulletin does not take accountability of investments based on the information of the website. We highly advice readers to make extensive research prior to any invest

Share this article

More news


XRP outperforms Bitcoin and Ethereum

In the past week, XRP decisively outperformed its main rivals, Bitcoin (BTC) and Ethereum (ETH), in terms of capital flows. Moreover, it recorded an impressive $2.7 million…

Solana and Avalanche on the eye of investment funds

Two alternative coins, Solana (SOL) and Avalanche (AVAX), are gaining increasing interest and are successively attracting the attention of investment funds. Although bitcoin (BTC) remains the main…
All articles loaded
No more articles to load


Cryptocurrency wallets

Cryptocurrency wallets

We talked about security when trading crypto assets in an article titled “Online security“. We also mentioned how important it…
hardware wallets

Cryptocurrency hardware wallets

From the article titled “Cryptocurrency wallets” you learned about the different types of wallets. They were briefly characterized there. Let’s…
Where to buy cryptocurrency brokers

Which cryptocurrency Brokers to use

In the article “Where to Buy Cryptocurrencies (Exchanges)“, we introduced you to which exchange platforms you can purchase cryptocurrencies on.…
Trading cryptocurrencies

Trading cryptocurrency

In the cryptocurrency market, you face many opportunities to invest in cryptocurrency or buy or sell cryptocurrency. If you want…
All articles loaded
No more articles to load


All articles loaded
No more articles to load

Latest news

All articles loaded
No more articles to load