The former UBS director has become the head of Bitcoin Suisse

Financially, Bitcoin Suisse has had a turnaround this year. Now the company has repositioned itself at the top.

Bitcoin Suisse's board of directors has a new composition. The General Assembly was held yesterday, Thursday Annie Banerjee He was elected to the Board of Directors. He continues Urs Akbarwho did not run for re-election.

Banerjee spent the first twelve years of his career in the financial sector at Citigroup, Chain Capital, and BlackRock. Since 2017, he has worked as a private investor and board member in several companies in the cryptocurrency sector.

Return to the profit zone

At the same time the Board of Directors was appointed Marco Menotti As the new head of the supervisory body. He continues Lucius Meiser, who remains a member of the Board of Directors. It was Menotti Among other things, he worked as Head of Banking Products at UBS Switzerland. During this time he and his team made an impact Further development of UBS's product portfolio. Since 2018, he has headed the banking division of the SIX Group.

Before the general meeting, Bitcoin Suisse had already announced that it was operating in the profit zone again; finews.ch I reported about it. After a net loss of 13 million francs last year, the Zug-based company made an unaudited net profit of 17.2 million francs in the first quarter of 2024, more than making up for the previous year's losses.

Cooperation with the Swiss private bank

In February this year, Bitcoin Suisse reached milestones in two core business areas: assets under custody exceeded 5 billion francs, while assets on deposit reached 2 billion francs. At the beginning of June The company is one Collaboration with Merke Baumann is well known, finews.ch I reported about it.

This collaboration enables the Zurich-based private bank to use Bitcoin Suisse's expertise in cryptocurrencies when managing its investment solutions under the 'ARCHIP' brand and expanding its existing offerings in the digital asset space. This collaboration is integrated into Maerki Baumann's investment process through the Joint Cryptocurrency Advisory Board.