Zodia Custody, a prominent player in the crypto custody space, has announced the departure of its Chief Financial Officer, Jonathan Hugh, earlier this year. This change comes amidst a series of leadership transitions within the company, as former Chief Operating Officer Samuel Howe has also recently left Zodia Custody to pursue opportunities in traditional finance, as reported by CoinDesk.
A company spokesperson expressed gratitude for Hugh’s contributions, stating, “Jonathan has been a valued member of the Zodia Custody team for the last two years and we remain grateful for his deep expertise, dedication, and guidance during a period of high growth for the company.” The spokesperson emphasized that while such transitions are commonplace in the business world, Zodia Custody is poised for continued growth. From 97 employees in 2023, the firm has expanded to a robust team of 140 globally, signaling a commitment to deepening its market presence and expanding into new jurisdictions in the coming years.
Hugh, who did not respond to requests for comment by publication time, previously served as CFO at the crypto market maker GSR and has extensive experience in the commodities sector with companies such as ED&F Man and Noble Group, as detailed on his LinkedIn profile.
As Zodia Custody charts its path forward, it remains backed by significant financial institutions, including Standard Chartered Bank, SBI Group, Northern Trust, and National Australia Bank, which provide a solid foundation for its future endeavors.
For those looking to understand the dynamics of leadership changes in the cryptocurrency sector and the robust evolution of Zodia Custody, further insights can be found in our article on the recent departure of COO Samuel Howe.
Read more: Zodia Custody COO Samuel Howe Has Left the Crypto Custodian for Traditional Finance
