Deputy CEO of BCB Group departs due to failed acquisition of German bank.

Noah Sharp, who served as the deputy CEO of crypto banking firm BCB Group, has left the company, according to a statement released on Friday. He was hired a year ago to help BCB Group expand its business globally. Last week, BCB Group announced that it had cancelled its planned acquisition of Sutor Bank, a bank that has been around for 100 years, over a year after the acquisition was announced. BCB Group cited regulatory delays and changing market conditions as the reasons for the cancellation.

Oliver von Landsberg-Sadie, the CEO of BCB Group, said, “I hired Noah as my deputy to help scale the business, focussing on integrating and expanding what would have been our German bank acquisition – Sutor Bank. In light of the shift in the current banking and regulatory environment and the decision to step away from the bank deal, Noah has decided to pursue an external opportunity in the fintech space.”

Prior to joining BCB Group, Sharp was the chief banking officer at payments firm Paysafe, where he was in charge of the global banking and payments division. He also has experience working at investment banks Standard Chartered and Deutsche Bank.

The article was edited by Oliver Knight.