Our Team
We develop multiyear relationships and partner with our clients to identify the right opportunities for long-term success
GSR has ten years of deep crypto market expertise as a market maker and active, multi-stage investor. GSR sources and provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges.
GSR is deeply embedded in every major sector of the cryptocurrency ecosystem. We work with leading crypto native entrepreneurs as well as financial institutions taking their first steps into the world of digital assets.
GSR Markets Pte. Ltd. has received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).
Management
Xin Song
CEO
Xin is CEO of GSR and is based in Singapore. He has been in crypto since 2018, and before that was in traditional finance for over 10 years, initially as an Portfolio Manager in the Scientific Active Equities team at BlackRock in London, developing quantitative investment strategies for a $5bn European long-only fund. Xin relocated to Shanghai to become the Head of Product for Fintech startup DealGlobe, subsequently setting up his own crypto derivatives hedge fund Magpie Capital as Co-Founder and CEO, before joining GSR in 2019 to build out the Asia franchise. Xin graduated from the London School of Economics with a BSc in Business Mathematics and Statistics, and London Business School with an MBA, specializing in Entrepreneurial Management. He is also a CFA charterholder.
Jakob Palmstierna
President
Jakob is the President of GSR, he previously served as the Global CEO of GSR for over 2.5 years. Prior to joining GSR, he was Head of EMEA business at Two Sigma Investments and a board director of Two Sigma International. He has 18 years of experience developing business and investment solutions in systematic investment management, including roles at Winton Capital Management and Barclays Global Investors (BGI). Jakob earned a BSc in Economics from Lund University where he also completed the MSc coursework in Economics (without dissertation). He also holds a Ships Officers Degree, Class VIII from Chalmers University of Technology.
Cristian Gil
Chairman
Cris is the Chairman of GSR. Prior to GSR, he worked as a commodities trader for 9 years at Goldman Sachs in New York. Since then he has managed an active portfolio of investments across the technology, real estate, hospitality and media sectors. Cris obtained a degree in Economics from the Massachusetts Institute of Technology (MIT).
Eva Sanchez
Chief Legal Officer
Eva is the Chief Legal Officer of GSR and oversees the firm’s legal, compliance and regulatory policy affairs. Prior to joining GSR, she was at AQR Capital Management and led the firm’s international legal and compliance teams and at Citadel where she oversaw the growth of Citadel’s hedge fund and securities business in Europe at a time of significant market structure and regulatory change. Eva started her legal career at Clifford Chance and obtained a First Class Business & Law Degree from City University, London.
Jonathan Loflin
Head of Alpha Strategies
Jonathan Loflin is Head of Alpha Strategies at GSR. He has over 20 years of experience in markets, across all major macro asset classes (equities, fx, commodities, rates, credit, & crypto) and regions. Prior to GSR, he was a Senior Portfolio Manager running all aspects of the global derivatives relative value business at Mariner Investment Group (Coria Capital) and, prior thereto, was Partner & Senior Portfolio Manager at BlueMountain Capital Management running similar strategies. He began his career as a derivatives quant at Goldman Sachs focusing on interest rate products and counterparty credit risk management. Mr Loflin studied Artificial Intelligence & Finance at the Massachusetts Institute of Technology, earning two Bachelor’s degrees and a Master’s degree concurrently — in addition to subsequently completing the MIT Sloan Executive Program in Management & Leadership.
Andreas Koukorinis
Head of Trading
Andreas is Head of Trading at GSR and leads the firms trading platform and strategy. Prior to joining GSR, he served as the Global Head of Credit and FICC ETF eTrading at JP Morgan. He previously founded and managed Stratagem Technologies, a machine learning and analytics company for sports betting, and has held roles at Fortress Investment Group and Deutsche Bank.
Beth McGrath
Head of Human Resources
Beth McGrath joined GSR in November 2021 as the Head of Human Resources at GSR, based in the London office, and oversees the firm's global HR and Recruiting matters. Beth has over 20 years of experience of working in Financial Services across multiple jurisdictions, initially with investment banks Wachovia and Wells Fargo, and then later with Citadel and Balyasny Asset Management. Beth brings experience from a career spanning across HR administration, HR operations, core HR business partnering and multi scale Employee Relations.
Gilberto Mokbel
Senior Advisor & Portuguese Rep Office
Gilberto is a Senior Advisor to the board of GSR as well as the general director of the Portuguese representation office. Previously, he played a key role in developing client portfolios for start-ups and multinationals, including Holmen and M-Real (Metsä Board). He holds degrees in Business Administration from the Universidad Pontificia Comillas and the University of Hull, as well as a master’s degree in eCommerce from the Universidad Carlos III de Madrid.
CJ Fong
Head of EMEA & APAC Sales
CJ is Head of EMEA & APAC Sales at GSR, and is based in Singapore. Before entering the crypto market CJ started his career in Hong Kong as a structurer at Morgan Stanley before heading up Fixed Income Solutions for Morgan Stanley Private Bank. He also worked for Nomura Private Bank, where he focused on client solutions in both public and private markets.
GSR is a member of the Alliance DAO, an organization established to expand the reach of Defi globally.
GSR is a President’s Circle member of the Chamber of Digital Commerce, a leading trade association representing the digital asset and blockchain industry.
GSR is a member of the Blockchain Association. An organization established to improve the public policy environment so that blockchain networks can thrive in the United States.
GSR is a founding member of the Crypto Market Integrity Coalition brings together market participants in the digital asset space who are committed to enabling a safe and sensibly-regulated crypto ecosystem.