Former Citi FX Head Takes Digital Assets Role

Financial services advisory and investing firm Consello has unveiled Itay Tuchman as the CEO of its digital assets advisory business.

Tuchman left Citi in 2022 after almost 20 years at the firm, the last six years of which were spent as global head of foreign exchange at the bank. He was also a key architect of much of Citi’s digital asset strategy and industry connectivity over the past number of years, Consello says.

In his new role, Tuchman will report to the division’s chairman, Peter Mattoon, and will be based in Consello’s newly-opened London office. Consello’s digital assets advisory division works with companies to help them navigate and grow within the digital financial ecosystem, including digital currencies, stablecoins, tokenised securities, NFTs, and other forms of digital assets.

The firms adds that drawing on his experience s in institutional foreign exchange, Tuchman will also support Consello’s capital markets practice, advising customers on capital markets related activity including foreign exchange, interest rate risk and treasury management, amongst other areas.

“[Itay] is one of the world’s leading experts in his field and his track record and experience over the last two decades speaks for itself,” says Declan Kelly, chairman and CEO of The Consello Group. “He brings the experience and knowledge necessary to rapidly advance our digital assets advisory business at a time when companies all over the world are looking for guidance and direction, financial advice and input on how to navigate the digital financial services ecosystem.

“Consello will continue to build out the division’s global team and business under his and Pete’s leadership,” he continues. “Separately, Consello is going to build a capital markets advisory business working with clients to address their various needs, and Itay’s experience as a leading expert in this field will be of invaluable support to them in this regard.”

Observing that the digital assets industry is at a “crucial inflection point”, Mattoon says, “The current environment has many challenges, but also lots of opportunity, as this nascent space continues to evolve and become more sophisticated. It will be essential for all modern organizations to not only understand the industry, but also have the appropriate strategies for introducing their businesses to the space.

“Itay is not only a brilliant strategist and global markets expert, but also has a deep understanding of the volatility that is an inevitability with the introduction of new asset classes,” Mattoon continues. “He is better equipped than anyone to analyse and synthesise this complex space to guide Consello clients on how to best capitalize on their approach to the digital assets industry.”

For his part, Tuchman says, “With the rapid innovation inherent in the space, it will require companies to develop key capabilities to unlock the transformative potential of this technology, while managing risks in both established and novel ways.”