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

Nov. 10 — According to CoinDesk, Marc Asch, founder and head of Ripple's institutional prime broker Ripple Prime (formerly Hidden Road), will leave at the end of this year, with Noel Kimmel, senior vice president of the business, taking over leadership of the business and team. A Ripple spokesperson confirmed the news in an email. Ripple announced in April 2025 its $1.25 billion acquisition of Hidden Road, and renamed it Ripple Prime after completing the deal in October of the same year. The business provides prime brokerage, clearing and financing services in digital assets and traditional markets to institutional clients.