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 providers agency.
He’ll substitute Alex Ioffe, who will transition right into a senior adviser function, the corporate stated in an announcement 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’m thrilled to affix Galaxy, whose status as a world-class operator and investor in digital property, digital infrastructure and different rising applied sciences precedes it,” Paquette stated in a press launch. “I stay up for increasing upon Galaxy’s best-in-class finance group and serving to additional cement the agency because the preeminent business chief.”
Galaxy Digital CEO Mike Novogratz thanked Ioffe for constructing a sturdy 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. via an inventory on Nasdaq for a while. Nonetheless, it’s nonetheless awaiting approval from the Securities and Change Fee (SEC) to maneuver its headquarters from the Cayman Islands to Delaware, which it filed for approval in February 2023.
