Galaxy Digital Taps Ex-Point72 Executive as New CFO, Michael Novogratz Announces

Galaxy Digital ⁣Welcomes New CFO from Point72, Shifts Alex Ioffe to Senior Advisor Role

Galaxy Digital, a leading⁣ provider of financial services ⁢in the cryptocurrency‌ sector, announces the recruitment of Anthony Paquette as its new‌ Chief Financial ‍Officer (CFO). Paquette assumes his⁣ role taking over from Alex Ioffe, who is set ‍to transition into a senior advisor capacity.

Anthony Paquette brings significant⁢ financial expertise and experience to Galaxy Digital. Having previously held ‌the position of CFO at Point72, Steve Cohen’s renowned hedge ⁣fund, he​ managed ⁤key ‍aspects‌ including global finance operations, treasury functions, and ⁢broker relations over⁤ his ‌four-year tenure. Prior to this appointment at Point72, his broad career⁣ included strategic roles at SoFi and major banking institutions such as JP Morgan⁢ Chase and Bank of America.

In an official press release dated December 13th⁢ 2024 announcing his appointment, Paquette expressed enthusiasm about joining ‌Galaxy Digital: “Joining Galaxy⁤ is an ‍exciting step for me;​ it’s ⁣an ⁢institution⁤ known globally for its pioneering investments ⁣in digital⁤ assets along with technological ‌infrastructure advancements. I am keen on further strengthening the already exceptional finance team here and maintaining ‌our leading edge in this rapidly evolving industry.”

Mike Novogratz—the CEO of Toronto-based Galaxy Digital—commended Alex Ioffe for ​his substantial contributions towards building a strong financial ‌backbone⁢ that has poised ⁣the company towards prospective ⁣listings in U.S ⁣markets. As part of strategic growth plans detailed early last year (February 2023), Galyxy has submitted proposals seeking approval from regulatory bodies like the ⁣Securities and Exchange⁣ Commission (SEC) to relocate its headquarters from Cayman Islands to Delaware⁣ aiming for incorporation in Nasdaq‌ listings.

The continued expansion⁢ efforts by Galaxy highlight their ongoing commitment not just toward ‍scaling ⁣their​ operational footprint but ⁣also solidifying legal and compliance frameworks critical for sustainable growth within⁣ digital finance spheres.

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