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BCB Group's Deputy CEO Departs After Failed German Bank Acquisition

CoindeskCoindesk2023/06/23 11:25
By:Will Canny

The crypto banking firm said last week that it had ended its planned acquisition of Germany’s Sutor Bank, citing regulatory delays and market conditions.

Noah Sharp (BCB Group)

Noah Sharp, deputy CEO of crypto banking firm BCB Group, has left the business, the company told CoinDesk on Friday.

Sharp was hired a year ago by BCB Group in a bid to expand its business internationally.

Last week, BCB Group said it had ended its of 100-year old Sutor Bank more than a year after it was announced, citing regulatory delays and changing current market conditions.

“I hired Noah as my deputy to help scale the business, focussing on integrating and expanding what would have been our German bank acquisition - Sutor Bank,” said Oliver von Landsberg-Sadie, CEO of BCB Group. “In light of the shift in the current banking and regulatory environment and the decision to step away from the bank deal, Noah has decided to pursue an external opportunity in the fintech space,” he added.

from payments firm Paysafe, where he served as chief banking officer, responsible for leading the global banking and payments division. Prior to this, he spent a number of years working at investment banks Standard Chartered and Deutsche Bank.

Edited by Oliver Knight.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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