Evernorth appoints former Coinbase investment chief

• Evernorth has appointed Hugo Jeandesboz as chief investment officer to lead its XRP treasury strategy.
• Jeandesboz previously served as co-chief investment officer at Coinbase Asset Management.
• The appointment adds investment leadership as Evernorth develops its XRP-focused treasury business following its Nasdaq debut.

Evernorth Holdings Inc (NASDAQ:XRPN) has appointed Hugo Jeandesboz to oversee its XRP (XRP) treasury strategy, including asset allocation, liquidity and portfolio management.

Jeandesboz joins from Coinbase Asset Management, where he served as co-chief investment officer and led institutional investment strategies.

“Hugo brings distinct experience that aligns with our active treasury strategy,” said Evernorth Founder and Chief Executive Officer Asheesh Birla.

The appointment gives Evernorth dedicated leadership for managing XRP holdings, overseeing treasury decisions and coordinating with trading counterparties and custodians.

Jeandesboz brings more than a decade of experience across digital assets and traditional markets, including derivatives trading at Coinbase.

Before Coinbase, he traded interest rate derivatives at HSBC and began his career in fixed-income trading at Société Générale.

Evernorth says its strategy targets growth in XRP per share through institutional and decentralised finance yield strategies, ecosystem participation and capital markets activities.

Following the announcement, Evernorth Holdings (NASDAQ:XRPN) shares closed down 1.05% at $16.91.