Bitstamp, one of the oldest crypto exchanges in the world, has announced the appointment of Jean-Baptiste (JB) Graftieaux as Global CEO following the departure of Julian Sawyer.

In an announcement Monday, Bitstamp mentioned Sawyer, who became CEO of the crypto exchange in October 2020, “decided to pursue other opportunities.” Graftieaux took office on May 7, having served as CEO of Bitstamp Europe since May 2021. According to the exchange, Graftieaux has 20 years of experience in the “crypto, payments and finance industries,” having d I first joined Bitstamp in November 2014 as Chief Corporate Compliance Officer after five years at PayPal.

“JB was with Bitstamp in its early days and has led our European business admirably over the past year,” said Bitstamp Chairman Nicolas Huss. “We are delighted to welcome a CEO with such an impressive track record, and look forward to the contribution and perspective he will bring to the company in his new role.”

Graftieaux will be Bitstamp’s third global CEO following the departure of Sawyer, who took over from exchange co-founder Nejc Kodrič. It’s unclear if Sawyer will continue to work in the digital asset space – his LinkedIn profile at the time of publication watch the former CEO was an honorary senior visiting scholar at the City, University of London and an adviser to the board of neobank Volt.

Related: Crypto is gaining trust as an investment, but still lags other options: Bitstamp report

Founded in 2011, Bitstamp is ranked 11th among crypto exchanges with a daily trading volume of over $322 million, according to data from CoinMarketCap. In April, the exchange asked its users to update their accounts to identify the origin of cryptocurrencies stored on the platform, in accordance with regulations.

Cointelegraph has contacted Julian Sawyer, but has not received a response at the time of publication.