Galaxy Digital (GLXY) Appoints Former Exec at Steve Cohen’s Point72 as CFO

Michael Novogratz’s Galaxy Digital (GLXY) has employed former Point72 chief monetary officer Anthony Paquette to fill the identical position on the crypto-financial companies firm.

He’ll change Alex Ioffe, who will transition to a senior advisor position on the firm said in a press release Friday.

Paquette beforehand spent 4 years as CFO at Steve Cohen’s hedge fund Point72, the place his duties included main the corporate’s world monetary, treasury and brokerage relationships. Beforehand, he labored at SoFi, JP Morgan Chase and Financial institution of America.

“I’m thrilled to affix Galaxy, whose popularity 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 sit up for increasing Galaxy’s best-in-class finance group and serving to to additional strengthen the corporate because the trade’s foremost chief.”

Galaxy Digital CEO Mike Novogratz thanked Ioffe for constructing a sturdy monetary group and making ready the corporate for a attainable U.S. inventory market itemizing.

The Toronto-listed firm has been making an attempt for a while to go public within the US by way of an inventory on Nasdaq. 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 submitted for approval in February 2023.