FalconX Experiences Senior Staff Departures, Including European Head and General Counsel
FalconX, a crypto prime broker, has experienced significant staff turnover recently, including the resignation of key personnel:
- Tommy Doyle, European head
- Global chief compliance officer
- General counsel
- Head of credit
- Two traders
The total departures are estimated between 10 and 15, resulting from both resignations and firings. FalconX stated its headcount doubled last year, employing 243 people as of February 2023.
The firm was founded in 2018 and had an $8 billion valuation during a mid-2022 funding round. Previously, Brian Strugats, head of trading, also left after over three years at the company.