Genesis shakes up compliance leadership amid layoffs, CEO departure


Crypto broker Genesis Global Trading announced Wednesday that Chief Executive Michael Moro is stepping down as the company shakes up its leadership following layoffs totaling 20 percent of its 260-person workforce.

With the departure of Moro, Chief Operating Officer Derar Islim was appointed interim CEO as the company conducts a search for a full-time replacement. Moro will continue to advise the company through the transition.

Genesis also announced the appointments of Michael Patterson as chief compliance officer, Michael Patchen as chief risk officer, Alice Chan as chief financial officer, and Arianna Pretto-Sakmann as chief legal officer.


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