Galaxy Digital Appoints Former Point72 Exec as CFO
In a strategic move to strengthen its financial leadership team, Galaxy Digital, headed by Michael Novogratz, has appointed former Point72 chief financial officer Anthony Paquette as its new CFO. The transition will see the firm’s current CFO, Alex Ioffe, stepping into a senior advisor role. This significant development was announced on December 13, 2024, at 5:51 p.m. UTC.
Anthony Paquette: A New Addition to Galaxy Digital
Anthony Paquette brings a wealth of experience to his new role at Galaxy Digital, having previously served as the CFO at Steve Cohen’s renowned hedge fund, Point72. During his tenure at Point72, Paquette oversaw the firm’s global finance, treasury, and broker relations, showcasing his expertise in financial management and strategic planning. Before joining Point72, Paquette held positions at SoFi, JP Morgan Chase, and Bank of America, further solidifying his background in the financial services industry.
Galaxy Digital’s Vision for the Future
In a statement expressing his enthusiasm for joining Galaxy Digital, Paquette highlighted the firm’s reputation as a world-class operator and investor in digital assets and emerging technologies. He expressed his commitment to expanding Galaxy’s finance team and contributing to its continued success as an industry leader. CEO Mike Novogratz extended his gratitude to Alex Ioffe for his instrumental role in building a strong finance team and preparing the firm for potential growth opportunities, including a U.S. listing.
Challenges and Opportunities Ahead
Galaxy Digital’s pursuit of a U.S. listing on Nasdaq has been a key objective for the firm, with plans to relocate its headquarters from the Cayman Islands to Delaware. While the company filed for approval from the SEC in February 2023, the process is still pending, underscoring the regulatory complexities involved in such a move. The appointment of Anthony Paquette as CFO signals Galaxy Digital’s strategic focus on strengthening its financial operations and positioning itself for future growth and success in the digital asset space.
As readers, we are often bombarded with news of corporate appointments and financial maneuvers that may seem distant from our daily lives. However, behind each headline lies a human story of ambition, expertise, and collaboration. In the case of Galaxy Digital’s latest CFO appointment, Anthony Paquette’s journey from leading financial institutions to a prominent role in the crypto industry reflects the dynamic nature of the financial world and the opportunities it presents for professionals seeking new challenges and growth. Paquette’s words of excitement and commitment to Galaxy Digital remind us that behind every corporate decision are individuals driven by a passion for their work and a vision for the future. So, the next time you come across a headline about a corporate appointment, take a moment to consider the personal stories and aspirations that shape the business world we inhabit.