Tetra Names Former FX Man as CEO
Posted by Colin Lambert. Last updated: April 12, 2022
Canada’s first qualified custodian for digital assets, has announced the appointment of Didier Lavallée as CEO, he will also join the Tetra Board.
Lavallée was most recently head of product, custody, Canada, at Royal Bank of Canada. Previous RBC roles included global head of FX standing instruction and head of North American FX sales. He has also held positions at UBS and Genuity Capital Markets.
“Tetra is entering a new phase in its development as we establish ourselves as the most trusted and versatile option in crypto custody solutions and Canada’s first trust company for cryptocurrency assets,” says Jenna Kaye, chair of the Tetra Board. “Didier’s extensive experience in custody and capital markets will bolster Tetra’s strong leadership team, and drive further innovation in this next growth phase of the Company’s journey. Our founding CEO Eric Richmond did a masterful job of establishing Tetra and creating the business strategy but has other business obligations that require his attention now.”
Lavallée adds, “Canada’s institutional market and regulatory bodies have been stressing the need for enhanced custody services in the crypto space and for Canadian-based options to be available. Custody is the backbone of a strong digital asset marketplace and Tetra is well positioned to lead in this emerging asset class.”