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Argo appoints former Gazprombank adviser as independent non-executive director

Matthew Shaw is also the founder of Protos Asset Management, a Swiss company that invests in early-stage cryptocurrency and blockchain businesses

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Shaw's appointment will take effect immediately

Argo Blockchain PLC (LON:ARB) has appointed Matthew Shaw, a former advisor to the chairman of Russia’s Gazprombank, as an independent non-executive director with immediate effect.

Aside from his new position at the cryptocurrency miner, Shaw is also the founder of Protos Asset Management, a Swiss company that manages a crypto fund and invests in early-stage cryptocurrency and blockchain businesses.

READ: Argo Blockchain surges as it expands crypto mining capacity by over 100%

Between 2003 and 2016, concurrent with his time at Gazprombank, Shaw also served as executive director of Carbon Trade & Finance SICAR, a carbon projects investment joint venture between Gazprombank and Germany’s Commerzbank.

He also co-founded and managed DEPFA Investment Bank, a specialist emerging market bank focused on public sector fixed income trading and origination.

Mike Edwards, executive chairman of Argo, said that Shaw’s “broad experience in international banking and cryptocurrency” would benefit the company as it implemented its “aggressive growth strategy”.

In lunchtime trading, Argo’s shares were down 17.4% at 6.4p.

Quick facts: Argo Blockchain Plc

Price: 5.7 GBX

LSE:ARB
Market: LSE
Market Cap: £16.74 m
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