Genesis, a specialists in digital currency prime brokerage services, has appointed Dr Derar Islim to the newly-created position of Chief Operating Officer (COO).
Islim joined Genesis in May 2020 as the firm’s Vice President and Head of Business Development. As COO, he is responsible for managing strategic initiatives, integrating new services, coordinating daily business operations, and executing on Genesis’s global vision to build the world’s preeminent prime brokerage in the digital currency ecosystem.
“Integrity, experience, and an unwavering commitment to top-notch client service and operational excellence have been trademarks of Genesis since day one – and I know Derar will express all of those values as COO,” says Michael Moro, CEO of Genesis. “Genesis is perfectly positioned to transform the market from a regulatory and execution standpoint. Derar’s passion and strategy will be key for us as we continue to hire and manage the industry’s best team, and cement our place as the world’s premier digital currency prime brokerage.”
Prior to joining Genesis, Islim served as Head of Risk at Hard Yaka, a San Francisco-based venture capital firm. Previously, he served as Vice President at Bank of America Merrill Lynch where he co-managed the company’s funding valuation adjustment trading desk. Islim is a Fulbright Scholar and earned his doctorate in financial mathematics with a focus on the pricing and hedging of financial derivatives.
“It’s not very often that you find yourself helping to lead a truly pioneering group – especially one as collaborative and open as the Genesis team,” says Islim. “There’s a massive gap in the digital currency marketplace, and I couldn’t be more excited about working with this team to fill it.”
