London-based Blockchain hires Jamie Selway

August 02, 2018
Chris Wheal

A significant new hire: one of the world’s major crypto wallet operators, Blockchain, has hired electronic trading expert Jamie Selway. Selway will head London-based Blockchain’s institutional markets department.

“Jamie is an established leader in the prime brokerage industry and a long-time markets leader,” Blockchain Chief Executive Officer Peter Smith said in a statement to Reuters.

No shortage of experience

London-based Blockchain want solid US institutional experience

In a further interview with the media company, Selway said his hire was about putting together a trading product from the existing wallet service, “which is substantial in terms of size, and then building execution tools for retail, expanding the wallet into custodial services for institutions, and then execution for those institutions”.

Blockchain is keen to ramp up its institutional business so a strong regulatory bias looks needed. Selway has broad US market experience having served at ITG; he was chief economist at electronic stock marketing company Archipelago, subsequently sold to the NYSE in 2005.

Selway’s job switch puts him at the epicentre of equity trading employment change

Strong support

The Financial Times says Blockchain – which has more than 26m software wallets distributed across more than 100 countries – includes ex SEC chairman Arthur Levitt as a board adviser. There is also input from ex Barclays chief exec Antony Jenkins, also a board director.

The FT adds that Selway’s precise expertise lies within equity market structure “with jobs that put him at the centre of the transformation of US equity trading from open outcry to electronic markets”.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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