JPMorgan's top crypto markets MD has left for Barclays

JPMorgan has one of the most developed crypto infrastructure teams among the big banks so it's no surprise that it is a source of talent for rivals pushing into crypto. Barclays is one such bank; it recently hired a London-based MD for a newly created role within its corporate bank.

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Scott Lucas joined as Barclays' head of digital assets wholesale, reporting to corporate bank CEO Matt Hammerstein. A statement from the British bank said that Lucas will work across "tokenised deposits, digital securities and supporting payments and settlement infrastructure." 

Lucas was previously head of markets digital assets for JPMorgan. He joined the bank after an 11 year career in the British and Australian armies, and spent a decade working in the treasury team of JPMorgan's chief investment office before taking up his crypto role. He spent five and a half years as JPMorgan's crypto markets head before departing.

Lucas isn't the first senior crypto professional to leave. Singapore-based Naveen Mallela, co-head of blockchain infrastructure arm Kinexys (FKA Onyx), joined Standard Chartered as its head of payments last month, after departing JPMorgan earlier this year.

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