Michael Baumgartner joins Covario as Co-Head of Institutional Sales

Founded in Switzerland in 2019, Covario is a crypto prime broker that brings together the core components of the global institutional crypto market. The Swiss firm announced that Michael Baumgartner will join as the new Co-Head of Sales and help Covario take the next step towards its future.

The crypto prime broker announced that Michael Baumgartner is moving up to Co-Head of Institutional Sales. With this step, they want to continue to enrich their team with experts and enable their clients to benefit from professional service offerings. As Co-Head of Sales, Michael will be responsible for the global client management, new business development and the expansion of existing relationships. He will build a powerful team together with Andreas Thode, Co-Head of Institutional Sales, who joined Covario in September 2021 after 5 years at Bank Frick as the Head of their Brokers, Exchanges and Blockchain Division.

Strong background in crypto

Mark Banner, Founder and CEO of Covario, commented that it is his absolute pleasure to welcome Michael on board as Co-Head of Institutional Sales. At this exciting stage of accelerated growth at the company, he has no doubt that Michael's contributions will be far-reaching through his extensive industry experience and deep technical knowledge. Prior to joining Covario, Michael was the Head of Sales for Transaction Banking & Digital Assets at InCore Bank. Confronted with this new task, he was enthusiastic and eager to adapt to a new environment.

“I am thrilled to join Covario as Co-Head of Institutional Sales. As the attention of institutions shift to the digital asset space, Covario is bringing forth best-in-class crypto prime brokerage services. I look forward to working closely with Covario’s exceptional team and sharing more about our offerings in the very near future.” - Micheal Baumgartner, Co-Head of Sales at Covario

Michael brings over 35 years of experience in financial markets, in wealth management and investment banking at companies including BNP Paribas, Deutsche Bank, UBS and Nomura. Most recently, he was the Head of Sales for Transaction Banking & Digital Assets at InCore Bank. With these years of experience, he fits in well with the Covario team and will make a useful contribution.