Galaxy Digital Hires Former Point72 CFO as New Chief Financial Officer
Galaxy Digital, a leading crypto financial services firm, has appointed Anthony Paquette as its new Chief Financial Officer (CFO). Paquette will be replacing Alex Ioffe, who will transition into a senior adviser role.
About Anthony Paquette
Paquette brings a wealth of experience to his new role, having previously served as the CFO at Point72, a hedge fund led by billionaire Steve Cohen. During his four-year tenure at Point72, Paquette was responsible for leading the firm’s global finance, treasury, and broker relations, among other things. Prior to joining Point72, Paquette worked at SoFi, JP Morgan Chase, and Bank of America.
About Galaxy Digital
Galaxy Digital is a Toronto-listed company that has been trying to go public in the United States through a listing on the Nasdaq stock exchange. The company has been awaiting approval from the Securities and Exchange Commission (SEC) to move its headquarters from the Cayman Islands to Delaware, which it filed for approval in February 2023.
Quote from Galaxy Digital CEO Mike Novogratz
Galaxy Digital CEO Mike Novogratz thanked Ioffe for building a robust finance team and preparing the firm for a potential U.S. listing. Novogratz expressed his excitement about Paquette joining the company, stating that he looks forward to expanding upon Galaxy’s best-in-class finance team and helping further cement the firm as the preeminent industry leader.
About the Appointment
Prior to his appointment as CFO, Paquette was responsible for leading the finance, treasury, and broker relations teams at Point72. His experience in these areas will be invaluable in his new role at Galaxy Digital, where he will be responsible for overseeing the company’s financial operations and strategy.
Conclusion
In conclusion, Galaxy Digital’s appointment of Anthony Paquette as its new CFO is a significant move for the company. Paquette’s extensive experience in the financial industry, particularly in the areas of finance, treasury, and broker relations, makes him an excellent fit for the role. With his appointment, Galaxy Digital is well-positioned to continue its growth and expansion in the crypto and digital asset space.
FAQs
Q: Who is Anthony Paquette?
A: Anthony Paquette is a seasoned finance professional with over 20 years of experience in the financial industry. He previously served as the CFO at Point72, a hedge fund led by billionaire Steve Cohen.
Q: What is Galaxy Digital’s current status regarding its U.S. listing?
A: Galaxy Digital is still awaiting approval from the Securities and Exchange Commission (SEC) to move its headquarters from the Cayman Islands to Delaware, which it filed for approval in February 2023.
Q: What will be Anthony Paquette’s responsibilities as CFO at Galaxy Digital?
A: Paquette will be responsible for overseeing the company’s financial operations and strategy, including finance, treasury, and broker relations.
Q: Who will be replacing Alex Ioffe as CFO at Galaxy Digital?
A: Anthony Paquette will be replacing Alex Ioffe as CFO at Galaxy Digital. Ioffe will be transitioning into a senior adviser role.
