Floating Point Group (FPG), a cryptocurrency prime brokerage with an institutional trading desk and settlement platform, has appointed Peter Eliades, former JP Morgan and Wells Fargo banking executive as head of distribution.

Eliades joins a predominately technical and crypto-native leadership team.

With over two decades of finance experience, including leading Wells Fargo's Electronic Sales and Coverage and Head of Americas Trading for JP Morgan. Eliades brings an elite institutional knowledge to his role with FPG. Eliades will oversee sales and business development teams in the US and APAC regions, reporting to co-founder Kevin March.

The appointment continues FPG's rapid growth across the firm as they aim to increase staff to support the recent launch of FlowVault, FPG's prime brokerage platform. Floating Point Group serves an institutional user base that Eliades is familiar with from his previous experiences with large hedge funds, asset managers and corporate customers.