Genesis, a full-service digital currency prime brokerage, has made a series of leadership changes to position the company for its next phase of growth with  CEO Michael Moro stepping down with immediate effect. He will continue to advise the company through the transition. 

Chief Operating Officer Derar Islim, PhD, who joined Genesis in 2020 and has overseen the development of strategy and key core functions, has been appointed interim Chief Executive Officer. Seasoned financial services executive Tom Conheeney will consult to Genesis as a Senior Advisor, where he will support Islim on the firm’s overall strategy while advising the trading, lending, and risk teams. Conheeney will join Islim on the company’s Board of Directors. Genesis has also commenced a search for a full-time CEO.

In addition, Genesis has made key executive leadership hires to further strengthen its governance and position the firm for the future. Chief Risk Officer Michael Patchen, Chief Compliance Officer Michael Patterson, and Chief Technology Officer Matthew Johnson have recently joined Genesis. Alice Chan, Chief Financial Officer, and Arianna Pretto-Sakmann, Chief Legal Officer, round out the expanded leadership team focused on strengthening the company’s overall risk management in partnership with Genesis’ sales and trading leadership.