Edgewater Markets Reorganises Its Top Level Management Team

Edgewater Markets, a New York-headquartered forex and commodities liquidity service provider recently launched a wholly owned subsidiary – Edgewater Digital Technologies a firm focused on providing state of a art best in class trading platform for institutional clients trading in cryptocurrencies. As a part of this move, the firm has made several changes to its business by restructuring its top-level key management roles. In its LinkedIn page for the newly launched subsidiary, the firm has mentioned that the parent firm Edgewater Markets LLC currently handles fiat volume worth US$10 Billion on daily basis via its client base made up of more than 300 tier-1 firms ranging from hedge funds, CTAs, banks and brokers to asset managers and corporations. To ensure better service offerings to its clients the firm has started up this new business unit. Edgewater Digital Tech has a low latency electronic trading network with data centers in New York, London, Tokyo and Mexico City via which it aims to provide its clients with access to global liquidity via its trading platform.

 As part of this reorganisation in top level management, the firm primarily promoted its current executives to high level roles instead of usual approach of hiring new executives to handle new business divisions. The changes have been going on for quite a while now. It started with Jeff Johnson who was has been assigned the role of Chief Operating Officer at Edgewater Digital Tech. Johnson joined the firm back in 2014 as Chief Financial Officer and was promoted to role of Chief Accounting and Control Officer at the parent firm back in April this year which he will hold along with his role at the new business unit. Matthew Kassel is another executive who has received promotion. Kassel joined the firm as Managing Director back in 2011 and has been promoted twice so far. Back in 2018 he was promoted to role of global head of FX Products and in March of this year he has been promoted yet again to the role of Chief Operating Officer at the parent firm. Both Matthew and Johnson are industry veterans with more than two decades of experience. 

The most recent change was announced last week with promotion of Alessandra Bozzo to the role of Chief Administrative Officer for new business unit. Bozzo joined the parent firm back in 2016 in the role of Chief Administrative & Marketing Officer. Prior to Edgewater Markets, Bozzo served as Executive Administrative Assistant and Leverage Officer for Bridgewater Associates the largest hedge fund firm in the world for nearly 5 years. Speaking about these changes, Skovran Schreder – Co Founder and Chief Executive Officer of Edgewater Markets LLC commented, “These changes represent a significant step toward streamlining our operations in a way that will greatly enhance our ability to maximize our business. This new structure will enable us to allocate resources and personnel expediently as industry conditions dictate. We are confident that our restructure will enable us to benefit from many new, extraordinary opportunities ahead, positioning Edgewater for continued success. These changes will allow us to further strengthen and expand our offering in the sector”.

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