The crypto talent war is heating up as big money managers warm to digital assets
Industry TrendsFinancial ServicesTechnologyTechnology, Data, and Digital
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Industry TrendsFinancial ServicesTechnologyTechnology, Data, and Digital
The Business Insider article, "The crypto talent war is heating up as big money managers warm to digital assets," quoted Russell Reynolds Associates Consultant Lauren Wachsman on the increase in demand for crypto roles. The article is excerpted below. 
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Business Insider

People were drawn to crypto en masse back then, lured by the soaring price of bitcoin — up to about $18,000 a token — and other popular digital coins. By now, we know how that story ended: Fortunes were made. Then prices crashed, and languished for the better part of two years. 
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As legacy firms start building out crypto capabilities in units like asset management and research more aggressively than they have in the past, they are going after relatively new talent set to arrive on Wall Street. 
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That cultural difference between traditional and decentralized finance presents an extra hurdle for asset managers looking to lure investors, analysts, technologists, and other professionals in the emerging industry. 

Major firms are now going after a narrow and competitive pool of employees who have track records in a relatively nascent space. 
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A talent pool with a foot in 2 worlds 
Lauren Wachsman, the executive director at Russell Reynolds Associates, said she was having more conversations around crypto-focused roles across firms and that legacy players were "slowly developing and introducing crypto offerings." 

"We have seen more demand for product and engineering roles, some institutional in nature," she told Insider. 

Access the full article here.