After four years of dedicated service, Chris Tyrer leaves his role as Fidelity’s institutional crypto chief. Despite this change in leadership, the investment giant continues to develop its digital asset offering.
According to his post on LinkedIn on January 31, Tyrer said he is very proud of the immense growth and success of the business over the past few years.
In 2018, Fidelity recognized clients’ emerging demand for crypto-related services and launched its digital assets unit. Tyrer was appointed as the first UK employee of this department. Along with major financial firms like BlackRock, Fidelity has also invested heavily in the crypto sector.
I leave behind incredibly strong teams in London, Dublin, and across the US that will continue to drive the international and onshore institutional businesses forward. I wish my colleagues all the success in the world as they continue building the infrastructure for retail and institutional clients to access this new asset class. It is bittersweet leaving Fidelity. I will miss the team, but I am excited about my next chapter.Chris Tyrer
Last year, Tyrer’s crypto unit announced they were hiring 100 personnel to bring their total count up to 500. This came as a result of the dip in crypto in 2022, opening up a simpler recruitment market. Moreover, in November, Tyrer also pointed out that Fidelity Digital Assets had seen a huge growth in customer activity and deposits due to recent developments around the world. He coined the trend as a “flight to quality,” going on to explain that the tumult resulting from one of the leading crypto exchanges collapsing had been beneficial for Fidelity Investment and its place in the crypto sector.