Ex-Morgan Stanley exec joins former colleagues at Amber Group

“As the more mature traditional markets are continuing to see compressed margins and moving to automation, the crypto financial market is still in its infancy"

Jeffrey Wang, who used to run foreign exchange spot and derivatives trading for Asia at Morgan Stanley, has joined Shenzhen, China-based crypto company Amber Group.

As Bloomberg reports, Wang will operate out of Vancouver, Canada as Head of Americas. He previously worked with four of Amber’s five founders at Morgan Stanley; two of them, Wayne Huo and Tony He, directly reported to him.

Wang took the past three years off and said that he was enticed back to a full time role by the appeal of working in a fast-growing nascent industry where infrastructure is being built on the go and where a background in professional finance can be a big advantage.

“As the more mature traditional markets are continuing to see compressed margins and moving to automation, the crypto financial market is still in its infancy,” he commented.

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