Michael Novogratz’s Galaxy Digital (GLXY) has employed former Point72 chief monetary officer Anthony Paquette to serve in the identical function on the crypto monetary companies agency.
He’ll change Alex Ioffe, who will transition right into a senior adviser function, the corporate stated in a press release on Friday.
Paquette beforehand spent 4 years because the CFO at Steve Cohen’s hedge fund Point72, main the agency’s world finance, treasury, and dealer relations, amongst different issues. Earlier than that, he labored at SoFi, JP Morgan Chase and Financial institution of America.
“I am thrilled to join Galaxy, whose reputation as a world-class operator and investor in digital assets, digital infrastructure and other emerging technologies precedes it,” Paquette stated in a press launch. “I look forward to expanding upon Galaxy’s best-in-class finance team and helping further cement the firm as the preeminent industry leader.”
Galaxy Digital CEO Mike Novogratz thanked Ioffe for constructing a strong finance workforce and getting ready the agency for a possible U.S. itemizing.
The Toronto-listed firm has been making an attempt to go public within the U.S. by way of an inventory on Nasdaq for a while. Nevertheless, it’s nonetheless awaiting approval from the Securities and Trade Fee (SEC) to maneuver its headquarters from the Cayman Islands to Delaware, which it filed for approval in February 2023.
