www.reuters.com

Fidelity Investments, a financial services giant, has hired the previous head of digital assets project at investment bank Barclays.

According to his LinkedIn page, Chris Tyrer joined Fidelity at the end of April. Except for mentioning “Digital Assets,” the profile did not disclose specific details of the role.

The new hire has been part of the digital assets project at Barclays for around eight months as the head and managing director before he left the company in August last year. Before that stint, he served as the head of commodity trading at Barclays from 2015 to 2017.

Tyrer has been with Barclays for more than a decade. In 2001, he joined the bank as the director and global head of crude oil trading and worked there until 2011. He then worked as a senior crude oil trader at commodity trading firm Mercuria Energy Group for around three years before going back to Barclays in 2015.

Tyrer purportedly worked on studying and researching the cryptocurrency space in his most recent role at the bank.

Barclays planned to introduce a cryptocurrency trading desk in 2018, but the CEO of the bank later stated that there is no rush to launch the desk.

Fidelity also hired Christine Sandler last month. Sandler formerly worked at Coinbase as director of institutional sales.

With more than $7 trillion under management, Fidelity introduced its cryptocurrency trading and custody platform in April.