Ripple Prime Head Marc Asch to Step Down at Year-End; Noel Kimmel to Succeed

TechFlow reported on November 11, citing CoinDesk, that 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 succeed him, leading the business and related teams.

Marc Asch is the founder of institutional prime broker Hidden Road. In April 2025, Ripple announced the acquisition of Hidden Road for USD 1.25 billion and completed the transaction in October of the same year, renaming it Ripple Prime.

Ripple Prime currently provides institutional clients with prime brokerage, clearing, and financing services across digital assets and traditional financial markets, covering foreign exchange, derivatives, and fixed income, and uses RLUSD, a stablecoin issued by Ripple, as collateral in certain products.

Source: TechFlow