London Exchange Loses Half of ETF Team Ahead of Crypto Launch
- Departures include Michael Stanley, LSE’s head of ETFs
- The UK is joining US, Hong Kong in launching crypto ETPs
The London Stock Exchange Group logo.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
London Stock Exchange Group Plc has lost half of its four-person team overseeing exchange-traded funds, just as it prepares to list its first products tied to cryptocurrencies.
Michael Stanley, LSE’s head of exchange-traded products, and business development head Hetal Patel have departed, a spokesperson for the exchange confirmed to Bloomberg without saying when they left. Stanley and Patel didn’t respond to requests for comment.