Element Group, an advisory firm for the digital token capital markets, has named Jonathan Sabbagh, Edward Chin and David Reich as managing directors, with Reich adding the title of global head of OTC trading and Risk.
Element Group’s New York practice is focused on providing advisory, consulting, and asset management services to institutional clients. The firm has plans to more than double its staff in the New York office by the end of 2018. The appointments are part of Element Group’s initiatives to build and scale its New York practice and its California-based OTC trading capabilities.
Jonathan Sabbagh will oversee the growth of the institutional sales and distribution team in the advisory business Sabbagh brings over 18 years of experience in the alternative investments industry, most recently co-founding Fenrir Advisory Services. Previously, he founded Gottex Brokers Alternative S.A. and positioned the firm as one of the top tier participants in the secondary market for illiquid assets. Sabbagh has also held roles at Columbia Threadneedle Investments in EMEA and APAC and at Pioneer Investments.
Edward Chin will oversee client coverage, transaction execution and the build-out of the firm’s advisory business. Prior to joining Element, he spent 10 years as an investment banker executing financing and M&A transactions across the technology, media and Telecom (TMT) sectors, most recently at Credit Suisse. Previously, he served as a captain in the United States Army and earned an MBA in Finance from The Wharton School.
As head of trading for the Element Group’s California-based OTC business, Element Digital Trading, David Reich will oversee and implement trading solutions for the Firm’s institutional client base. Reich has deep financial trading experience that extends across currency, interest rate, equity and options markets, and electronic trading systems. In his previous roles, he has managed risk in areas of elevated uncertainty, extreme volatility, and shallow liquidity. Reich has also worked as a trader and builder of sales and trading teams at Bankers Trust, Bear Stearns, Chase, National Australia Bank, Julius Baer, and Kerry Packer.
“Ensuring that we have a world-class team of professionals in New York coupled with an extensive suite of digital asset services and capabilities has long been one of our strategic priorities,” said Stan Miroshnik, CEO of Element Group. “Jonathan, Edward and David bring deep financial knowledge and leadership experience that will enable us to serve both existing and prospective clients more seamlessly while also providing us with a significant opportunity to scale our business.”