PANews reported on August 13 that according to an internal memo seen by Bloomberg, Shobhit Maini, global head of digital assets at Citigroup's markets division, has resigned and will seek other opportunities in the crypto industry. According to his profile on Linkedin, Maini has worked at Citigroup for more than 14 years and most recently served as head of the digital assets team under Citigroup's markets division. A memo from Lee Smallwood, Citigroup's head of markets, innovation and investments, last week showed that Maini left to "seek entrepreneurial opportunities in the digital asset space." Deepak Mehra, global head of strategic investments at Citigroup Markets, will take over as global head of digital assets.