SANTA MONICA, Calif.--(BUSINESS WIRE)--Element Group, a full-service advisory firm for the digital token capital markets, today announced new leadership in its advisory and trading businesses, including Jonathan Sabbagh as Managing Director; Edward Chin as Managing Director; and David Reich as Managing Director and Global Head of OTC Trading and Risk.
These appointments are part of Element Group’s long-term strategic initiatives to further build and scale its New York practice and its California-based OTC trading capabilities with the addition of high-quality talent and expanded service offerings.
Jonathan Sabbagh will oversee the growth of the institutional sales and distribution team in the advisory business. Mr. Sabbagh brings over 18 years of experience in the alternative investments industry, most recently co-founding Fenrir Advisory Services. Previously, he founded Gottex Brokers Alternative S.A. and positioned the firm as one of the top tier participants in the secondary market for illiquid assets. Mr. Sabbagh has also held roles at Columbia Threadneedle Investments in EMEA and APAC and at Pioneer Investments.
Edward Chin will oversee client coverage, transaction execution and the buildout of the Firm’s advisory business. Prior to joining Element, Ed spent 10 years as an investment banker executing financing and M&A transactions across the Technology, Media & Telecom (TMT) sectors, most recently at Credit Suisse. Previously, he served as a Captain in the United States Army and earned an MBA in Finance from The Wharton School.
As Head of Trading for the Element Group’s California-based OTC business, Element Digital Trading, David Reich will oversee and implement trading solutions for the Firm’s institutional client base. Mr. Reich has deep financial trading experience that extends across currency, interest rate, equity and options markets, and electronic trading systems. In his previous roles, he has managed risk in areas of elevated uncertainty, extreme volatility, and shallow liquidity. Mr. Reich has also worked as a trader and builder of sales and trading teams at Bankers Trust, Bear Stearns, Chase, National Australia Bank, Julius Baer, and Kerry Packer.
Element Group’s New York practice is focused on providing advisory, consulting, and asset management services to institutional clients. The Firm has plans to more than double its staff in the New York office by the end of 2018.
“Ensuring that we have a world-class team of professionals in New York coupled with an extensive suite of digital asset services and capabilities has long been one of our strategic priorities,” said Stan Miroshnik, CEO of Element Group. “Jonathan, Edward and David bring deep financial knowledge and leadership experience that will enable us to serve both existing and prospective clients more seamlessly while also providing us with a significant opportunity to scale our business.”
About Element Group
Element Capital Group, LLC is a full-service firm for the digital asset capital markets that delivers advisory, trading, treasury, technology, and asset management services in an integrative manner. Founded in 2017, Element is a leading advisor on token sale transactions with global, institutional reach.Element works globally with some of the industry’s leading projects, companies, and founders on cryptoeconomics, financing, and strategy. Element Digital Asset Management invests firm capital in digital assets, promising emerging protocols, and distributed application technologies. Element Digital Trading specialized in facilitating over-the-counter cryptocurrency transactions for institutional counterparties.
