Michael Novogratz’s Galaxy Appoints Former Point72 Exec as CFO

What to know:

  • Galaxy Digital has appointed Anthony Paquette as its new chief financial officer.
  • Paquette previously spent four years at Steve Cohen’s Point72 overseeing the hedge fund’s global finance.
  • Galaxy Digital’s current CFO, Alex Ioffe, will transition into a senior advisor role.

As a researcher with a keen interest in the dynamic world of finance and digital assets, I find this appointment of Anthony Paquette as Galaxy Digital’s new CFO intriguing. His extensive background at Steve Cohen’s Point72 and his stint at SoFi, JP Morgan Chase, and Bank of America certainly lends credibility to his appointment.

Anthony Paquette, who previously held the position of Chief Financial Officer at Point72, has been brought on board by Michael Novogratz’s Galaxy Digital (GLXY) to assume a similar role within their cryptocurrency financial services company.

The company announced on Friday that Alex Ioffe is stepping into a senior advisory position, while someone else will take over his previous role.

Previously, Paquette served a four-year tenure as Chief Financial Officer (CFO) for Steve Cohen’s hedge fund, Point72. During this time, he oversaw the global finance, treasury, and broker relationships, among other responsibilities. Prior to that, he gained experience at SoFi, JP Morgan Chase, and Bank of America.

Paquette expressed his excitement about becoming part of Galaxy, known for its top-tier status in digital asset operations, infrastructure investment, and emerging technologies. In a statement, he shared his anticipation to strengthen Galaxy’s finance team and contribute to their continued leadership role in the industry.

Mike Novogratz, CEO of Galaxy Digital, expressed gratitude towards Ioffe for constructing a strong financial team and readying the company for a possible U.S. public offering.

For quite some time, the company based in Toronto has been striving to become publicly traded in the United States by listing on Nasdaq. Yet, it remains in limbo as it waits for the Securities and Exchange Commission (SEC) to grant its request to transfer its headquarters from the Cayman Islands to Delaware, a move that was proposed in February 2023.

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2024-12-13 20:56