Argo appoints former Gazprombank adviser as independent non-executive director

PLC () 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.

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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 .

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.