Ripple Prime: Mark Ash to step down as head, Noel Kimmel to succeed him

On November 10, Ripple confirmed to CoinDesk that Mark Ash, founder of brokerage firm Hidden Road, will step down as head of Ripple Prime at the end of 2026. Leadership of the institutional division will pass to Noel Kimmel, who currently serves as senior vice president.

Ripple acquired Hidden Road for $1.25 billion in 2025 and rebranded the business as Ripple Prime. The division provides institutional clients with brokerage, clearing, and financing services for digital and traditional assets. The leadership change does not mean the service is closing or that its operations are ending.

Source: CoinDesk and a comment from Ripple, November 10, 2026.
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