B2C2 Replaces Nicola White with Thomas Restout as Group CEO
B2C2, a cryptocurrency market maker owned by Japan’s SBI Holdings, has seen a change at the top as Thomas Restout took over as Group CEO following the departure of Nicola White. The appointment was an internal promotion as Restout was previously the company’s CEO for EMEA.
New Group CEO at B2C2
The company has not previously indicated White’s departure, as her LinkedIn profile shows she left the position at the end of December. She joined B2C2 in July 2021 and was promoted to the top position in November 2022. It is still unclear what her next role will be.
Commenting on the appointment, Max Boonen, co-founder of B2C2, said: “Thomas, an early supporter of B2C2, was already a rising star when we met on the trading floor ten years ago. His distinguished career at TradFi has given him a fantastic foundation to support our clients in the crypto space.”
An early investor takes on the Apex role
In fact, he joined B2C2 from Morgan Stanley in September 2022, where he was seven for years and was Global Head of Macro Electronic Trading at the time of his departure. At this company, he was a member of the digital currency working group and led crypto trading for the fixed income department.
He began his career in 2007 as an FX trader at Natixis and later moved to Goldman Sachs, where he was Executive Director from eFX Electronic was trading for EMEA.
Restout was one of the first investors in B2C2. He played a crucial role in the company’s growth with the decision to pursue over-the-counter (OTC) trading and expand into the Japanese market.
“B2C2’s business is stronger than ever and I look forward to working with our outstanding management team to execute our global strategy and expand our position as one of the leading liquidity providers in the crypto markets.” Restout said in a statement.
B2C2 has become a big name in the cryptocurrency OTC and market making space. It was acquired by Japanese giant SBI Holdings in late 2020, just five months after the conglomerate made an initial $30 million investment in the crypto company.
“B2C2 is well-positioned to benefit from the growth of institutional trading in cryptocurrencies,” said Yoshitaka Kitao, deputy director, chairman, president and CEO of SBI Holdings. “The Company will continue to thrive as an innovator dedicated to building a resilient digital asset ecosystem and providing critical, comprehensive liquidity to institutional clients around the world.”
