B2C2 Nabs Restout as EMEA Head

Another highly-respected e-FX player is heading to the crypto industry with news that Thomas Restout, global head of macro electronic trading at Morgan Stanley, is joining B2C2 as CEO for EMEA.

Restout has been with Morgan Stanley for seven years, having joined from rival Goldman Sachs, where he led e-FX trading for EMEA for over four years. He started his career as an FX trader at Natixis.

At B2C2, Restout will report to Phillip Gillespie, CEO of the firm. Gillespie took the reins of B2C2 in May this year when the firm shuffled its management structure, a move that saw co-CEO Rob Catalanello depart B2C2 and Nicola White appointed to CEO of the firm’s US business, also under Gillespie.

“Institutional interest in cryptocurrencies is spurring more TradFi participants into committing significant resources towards the understanding, productisation and commercialisation of digital markets,” says Gillespie. “B2C2 has grown to become one of the leaders driving this convergence. Our appointment of Thomas adds additional and complementary market knowledge, as well as risk management and product innovation expertise to B2C2. I am thrilled to welcome Thomas to B2C2.”

Restout adds, ““The tremendous growth of crypto assets during recent years shows its acceptance as an established asset class, attracting a growing range of institutional participants. B2C2 is a highly successful and strategic innovator in this market. I am excited to be joining the team to help accelerate expansion by widening the offering further, through leveraging technology and quantitative approaches.”

B2C2 continues to build its roster, last month it unveiled Bank of America e-FX sales head Zeke Vince as its head of sales for the US.