Cryptocurrency trust and security firm BitGo has appointed Pete Najarian as its new chief revenue officer (CRO), according to a press release. Najarian will report to the company’s CEO, Mike Belshe.
Prior to his appointment, Najarian was a senior vice president at wallet provider Xapo. He also had stints with the Royal Bank of Scotland as the global head of emerging market sales and served as the head of institutional client coverage at UBS.
Speaking on the hire, Belshe praised Najarian and highlighted his understanding of the workings of capital markets and vast experience in the financial services industry.
“This makes him a perfect partner for institutional investors who are entering the cryptocurrency market,” Belshe said. “We’re building the financial infrastructure of the future, and Pete’s experience in both traditional financial markets and cryptocurrency will be critical.”
In June 2019, BitGo partnered with Bitcoin IRA to offer full insurance coverage for crypto retirement accounts.In August 2019, Coinbase acquired Xapo’s custody business for $55 million, reportedly outbidding Fidelity for the addition.