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Digital asset brokerage Genesis said on Wednesday that CEO Michael Moro is stepping down from his position at the company and it is cutting 20% of its workforce.
The company said in a statement that Derar Islim, Genesis’ operating chief, will take over as interim CEO.
Moro had joined Genesis in 2015 and also become the CEO of the company following that year.
The company also recently hired new executives as chief risk officer, chief compliance officer and chief technology officer.
Picture Credits: Reuters
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