State Street Digital Adds Three

State Street Digital has announced three senior appointments as it continues to build the nascent operation, with the hires of Katie Richards, Marcus Grubb and Derren Selvarajah.

Richards joins as global head of operations and Grubb as global head of product – both will report to Nadine Chakar, head of State Street Digital. Selvarajah has joined as product management office lead for the product strategy team and reports to Grubb.

Richards, based in Zurich, will be responsible for driving the execution of State Street Digital’s strategy and developing sustainable and scalable operational solutions. She brings more than 25 years of experience in developing strategy, delivering digital products and services, building customer trust, leading teams, and transforming operational models across business functions. She previously served as chief executive officer of Cyber Capital, a crypto investment management company, and before that, held senior positions at Falcon Private Bank, UBS and Credit Suisse.

Grubb will be based in London and be responsible for developing and driving end-to-end product strategy for State Street Digital. He was most recently chief executive officer of BlockEx, a provider of white-label asset digitisation and trading technology. Previously, he served as director of market development and senior advisor for the World Platinum Investment Council, managing director of investment, global spokesperson and strategist for the World Gold Council, and chief executive officer of Swapstream, a derivates exchange system.

Selvarajah is also based in London, and previously worked with Standard Chartered Bank as global head of securities service tech, innovation, digital transformation and delivery.

“All [three] bring deep global expertise and proven track records in driving growth and strategy in the digital asset and crypto space, and their leadership will be essential as we continue to expand our capabilities to serve the growing demand for digital custody solutions,” says Chakar. “We are more committed than ever to our mission to lead the evolution of digital markets and help our clients stay ahead of it, and with Katie, Marcus and Derren on board, we are even better positioned to achieve it.”