Bitcoin Firm Galaxy Digital Names Ex-Goldman Executive Michael Daffey as Chairman

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Bitcoin Firm Galaxy Digital Names Ex-Goldman Executive Michael Daffey as Chairman


Galaxy Digital Holdings Ltd. , a bitcoin-focused agency providing banking and institutional companies, named former Goldman Sachs Group Inc. government Michael Daffey as its chairman forward of a deliberate U.S. inventory providing later this 12 months.

Mr. Daffey, 54 years previous, replaces founder Michael Novogratz who will stay chief government.

Mr. Daffey was most not too long ago the chairman of Goldman’s international markets division, which generated greater than 40% of the agency’s total income within the first quarter. His final day was March 31.

The appointment is Galaxy’s newest maneuver because it prepares to make a public inventory providing within the U.S. later this 12 months. Its shares are already listed on the Toronto Inventory Change. In March, it named Alex Ioffe as chief monetary officer; Mr. Ioffe beforehand held the identical place at Virtu Monetary Inc.

Galaxy Digital started as an investment-management agency however has since expanded into extra monetary companies, together with funding banking and buying and selling. On Monday, it filed a submission with the Securities and Change Fee for a bitcoin-focused exchange-traded fund.

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