Zodia Custody’s Chief Financial Officer, Jonathan Hugh, departed the London-based firm earlier this year, the company said.

Samuel Howe, the company’s former COO, also recently left the crypto custodian, as reported by CoinDesk.

“Jonathan has been a valued member of the Zodia Custody team for the last two years and we remain grateful for his deep expertise, dedication, and guidance during a period of high growth for the company,” a spokesperson for Zodia Custody said in emailed comments.

“While such transitions are part and parcel of business, our company is continuing to grow. In 2023 Zodia Custody had 97 employees. Today, we have grown to 140 employees globally and 2025 will see us deepen our presence in existing markets and expand into new jurisdictions,” the spokesperson added.

Hugh did not respond to a request for comment by publication time.

Prior to joining Zodia Custody, Hugh was CFO of crypto market maker GSR.

Before digital assets, he worked in commodities for ED&F Man and Noble Group, according to his LinkedIn profile.

Zodia Custody is backed by Standard Chartered Bank (STAN), SBI Group, Northern Trust and National Australia Bank (NAB).