Marc Asch, Head of Ripple Prime, will step down at the end of the year, with Noel Kimmel taking over.

TechFlow reports that on November 11, according to CoinDesk, Marc Asch, head of Ripple Prime, Ripple's institutional prime brokerage business, will step down at the end of 2026 to pursue new career opportunities. Noel Kimmel, Senior Vice President of Ripple Prime, will take over and lead the business and its related teams.Marc Asch is the founder of the institutional prime broker Hidden Road. Ripple announced the acquisition of Hidden Road for $1.25 billion in April 2025, completing the transaction in October of the same year and renaming it Ripple Prime.Currently, Ripple Prime provides institutional clients with prime brokerage, clearing, and financing services for digital assets and traditional financial markets. Its operations cover areas such as foreign exchange, derivatives, and fixed income, and it uses Ripple-issued stablecoin RLUSD as collateral for certain products.