In a significant leadership shuffle, GSR, one of the largest market makers in the cryptocurrency sector, has announced the appointment of two new co-CEOs as Jakob Palmstierna transitions to the role of company president. This strategic move aligns with GSR’s commitment to “calculated creativity” as the industry navigates a rapidly evolving landscape.
New Co-CEOs Bring Complementary Strengths
Rich Rosenblum, who co-founded GSR alongside Cristian Gil, and Xin Song, who joined the firm in 2019 and spearheaded the opening of its Singapore office, will be stepping up as the new co-CEOs. Rosenblum, with over two decades of trading experience, including a tenure at Goldman Sachs, and Song, with a background in running his own crypto hedge fund and working for corporations like BlackRock, are poised to lead GSR’s global business with a “strong human component.”
Palmstierna Transitions to President Role
In his new role as GSR president, Jakob Palmstierna will lead the firm’s client franchise, which has recently expanded by creating a Partnerships and Client Services team. Palmstierna’s deep understanding of the digital asset space and his complementary strengths with the new co-CEOs are expected to be crucial in accelerating GSR’s ability to ideate and execute new business ideas amid the rapidly evolving cryptocurrency sector.
“I look forward to working alongside Rich and Xin, their deep understanding of the digital asset space and complementary strengths uniquely position them to lead our efforts as the industry evolves and matures,” said Palmstierna.
Positioning for the Future
According to GSR Chairman Cristian Gil, these leadership changes are a natural next step in the firm’s evolution as it positions itself for the rapid changes in the cryptocurrency sector. The industry is at a critical inflection point, and GSR aims to remain agile and innovative in serving its clients while proactively positioning itself for the future.
About GSR
GSR has over ten years of experience in digital asset markets, acting as a liquidity provider and a multi-stage investor. The company’s new co-CEO structure is designed to enhance collaboration and autonomy, enabling it to navigate the industry’s decentralized landscape with a global presence and a strong focus on calculated creativity.
