Ex-Jefferies Asia CEO Alexander Joins Crypto Firm Block.one

  • Left U.S. brokerage after eight years in charge of region
  • Block.one seeks to invest $1 billion in blockchain software
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Jefferies Group LLC’s former top banker in Asia is joining Block.one, the firm behind a recent $4 billion cryptocurrency offering.

Michael Alexander, who until recently was Asia chief executive officer at Jefferies, will head Block.one’s venture capital arm, with a focus on developing projects that rely on the firm’s EOSIO blockchain software, according to a Block.one statement. He will be based in Hong Kong and serve on the company’s executive committee.