Digital asset exchange Bittrex Global GmbH named Michael Schröder as chief compliance and risk officer.

Schröder will also become a member of the management board for Liechtenstein. He has more than 25 years of experience in global financial institution executive roles, including at Sumitomo Mitsui Financial Group, State Street Bank & Trust, Triodos NV, and Commerzbank AG.

Previously, he was a board member at SMBC Nikko Capital Markets Europe GmbH, a Brexit institution he built from scratch.

Schröder replaces Siegfried Herzog, who stepped down as CCO and is expected to join the board of directors.