Michael Novogratz’s Galaxy Digital (GLXY) has made a strategic move by hiring Anthony Paquette as its new chief financial officer. Paquette, who previously served as the CFO at Point72, brings a wealth of experience in finance and investment to the crypto financial services firm. He will be taking over from Alex Ioffe, who will transition into a senior adviser role within the company.
During his four-year tenure at Point72, Paquette led the firm’s global finance, treasury, and broker relations, demonstrating his expertise in the financial sector. Prior to his time at Point72, he also held key roles at SoFi, JP Morgan Chase, and Bank of America, further solidifying his reputation as a seasoned financial executive.
In a statement, Paquette expressed his excitement about joining Galaxy Digital, citing the firm’s stellar reputation as a leader in digital assets and emerging technologies. He is eager to contribute to the growth of Galaxy’s finance team and help the company maintain its position as an industry powerhouse.
Galaxy Digital CEO Mike Novogratz commended Ioffe for his contributions to the firm’s finance team and acknowledged his role in preparing Galaxy for a potential U.S. listing. The company has been pursuing a listing on Nasdaq, but is currently awaiting approval from the SEC to transfer its headquarters from the Cayman Islands to Delaware, a move that was initiated in February 2023.
Overall, Paquette’s appointment reflects Galaxy Digital’s commitment to strengthening its financial operations and positioning itself for future growth and success in the rapidly evolving crypto market. With Paquette at the helm as CFO, Galaxy Digital is well-positioned to navigate the complexities of the digital asset landscape and continue its trajectory as a leading player in the industry.