Capitolis president steps down after round of lay-offs

Latest exit follows departure of senior figures in the capital marketplace business, where volumes have tanked

Personnel changes

The president of Capitolis has stepped down from his role, just two weeks after the capital optimisation firm laid off 25% of its workforce.

Justin Klug, who was promoted from his previous role as chief operating officer in 2019, leaves the firm after six years. He joined Capitolis in 2017, shortly after it was founded by chief executive Gil Mandelzis.

A statement from Capitolis says that Klug is stepping down from the role to spend more time with his family.

Prior to joining Capitolis, Klug

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