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 substitute Alex Ioffe, who will transition right into a senior adviser function, the corporate mentioned 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 international finance, treasury, and dealer relations, amongst different issues. Earlier than that, he labored at SoFi, JP Morgan Chase and Financial institution of America.
“I’m thrilled to affix Galaxy, whose status as a world-class operator and investor in digital belongings, digital infrastructure and different rising applied sciences precedes it,” Paquette mentioned in a press launch. “I look ahead to increasing upon Galaxy’s best-in-class finance group and serving to additional cement the agency because the preeminent trade chief.”
Galaxy Digital CEO Mike Novogratz thanked Ioffe for constructing a strong finance group 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 an inventory on Nasdaq for a while. Nevertheless, it’s nonetheless awaiting approval from the Securities and Alternate Fee (SEC) to maneuver its headquarters from the Cayman Islands to Delaware, which it filed for approval in February 2023.
