Cryptocurrency-friendly bank Xapo Bank has hired Tommy Doyle as its Head of Client

Relationship Management, based in London. This news is significant for both the financial and cryptocurrency sectors, as it marks the move of an experienced professional into a specialized bank.

* Who is Tommy Doyle?

* Tommy Doyle is a seasoned professional with experience in both traditional finance and the cryptocurrency space.

* Before joining Xapo Bank, he worked at the digital asset prime brokerage FalconX.

* Prior to that, he served as the Head of Hedge Fund Sales for Europe, the Middle East, and Africa (EMEA) at Coinbase.

* His background also includes key roles at major traditional financial institutions like Goldman Sachs and Citi, where he held senior positions in equity sales and prime brokerage.

* What is the significance of this appointment?

* Blending Traditional and Crypto Finance: Tommy Doyle's appointment shows that crypto-friendly banks are now attracting experienced professionals from the traditional financial market. This indicates that the crypto sector is maturing and seeking expertise from traditional finance.

* Focus on Client Relationships: Doyle's role will be to manage client relationships, which is crucial for Xapo Bank. Xapo Bank provides services to high-net-worth individuals and institutions who want to manage both traditional banking and crypto in one place. Doyle's experience will be instrumental in building strong relationships with these large clients.

* Xapo Bank's Growth: This appointment is part of Xapo Bank's strategy to grow and expand its client base. By hiring a veteran professional, the bank aims to provide better service and instill greater confidence in its customers.

In short, Tommy Doyle's appointment at Xapo Bank is a significant step that bridges the gap between the world of traditional finance and the crypto world. It demonstrates that crypto-friendly institutions are now focusing on making their services and client relationships more professional.