Key Takeaways
- • Galaxy Digital appoints Anthony Paquette as Chief Financial Officer, effective January 2025, replacing Alex Ioffe who transitions to Senior Advisor role.
- • Paquette brings 25+ years of financial services and fintech experience, including four years as CFO at Point72 (Steve Cohen's $30+ billion AUM hedge fund) and prior roles at JPMorgan Chase, Bank of America, and SoFi.
- • Paquette led Point72's global finance, treasury, broker relations, real estate, and facilities operations during his tenure.
- • Galaxy Digital founder Michael Novogratz cited Paquette's operational expertise as critical to scaling the firm's infrastructure during a growth phase, particularly following the company's 2024 spot Bitcoin ETF launch with Invesco.
- • Paquette serves on multiple boards including Scholars of Finance, Junior Achievement of New York, and the Concussion Legacy Foundation, and actively advises fintech startups.
Summary
Galaxy Digital, Michael Novogratz's cryptocurrency and digital asset financial services firm, announced on December 13, 2024, the appointment of Anthony Paquette as Chief Financial Officer, effective January 2025. Paquette succeeds Alex Ioffe, who will assume a Senior Advisor position at the firm.
Paquette arrives with substantial institutional finance credentials spanning over 25 years. Most recently, he served as CFO at Point72, Steve Cohen's hedge fund managing over $30 billion in assets under management, where he spent more than four years overseeing the firm's global finance, treasury, broker relations, real estate, and facilities functions. Prior to Point72, Paquette held leadership positions at SoFi (business unit leader), JPMorgan Chase (managing director), and Bank of America.
Michael Novogratz characterized the hire as strategically significant for Galaxy's operational trajectory. "We are pleased to welcome an executive of Tony's caliber to Galaxy during a period of significant growth for our firm," Novogratz stated. "Tony's substantial track record of overseeing finance operations at some of the top firms in finance will enable us to further enhance our operational infrastructure and aggressively scale our business globally." This timing reflects Galaxy's expansion phase, particularly following the firm's launch of a spot Bitcoin ETF in partnership with Invesco during 2024.
Paquette expressed confidence in Galaxy's market position, noting the firm's reputation as "a world-class operator and investor in digital assets, digital infrastructure and other emerging technologies." He indicated plans to strengthen Galaxy's existing finance team and support the company's ambitions to establish industry leadership. Beyond his operational role at Galaxy, Paquette maintains board memberships with Scholars of Finance, Junior Achievement of New York, and the Concussion Legacy Foundation, alongside advisory relationships with multiple fintech startups.
Paquette arrives with substantial institutional finance credentials spanning over 25 years. Most recently, he served as CFO at Point72, Steve Cohen's hedge fund managing over $30 billion in assets under management, where he spent more than four years overseeing the firm's global finance, treasury, broker relations, real estate, and facilities functions. Prior to Point72, Paquette held leadership positions at SoFi (business unit leader), JPMorgan Chase (managing director), and Bank of America.
Michael Novogratz characterized the hire as strategically significant for Galaxy's operational trajectory. "We are pleased to welcome an executive of Tony's caliber to Galaxy during a period of significant growth for our firm," Novogratz stated. "Tony's substantial track record of overseeing finance operations at some of the top firms in finance will enable us to further enhance our operational infrastructure and aggressively scale our business globally." This timing reflects Galaxy's expansion phase, particularly following the firm's launch of a spot Bitcoin ETF in partnership with Invesco during 2024.
Paquette expressed confidence in Galaxy's market position, noting the firm's reputation as "a world-class operator and investor in digital assets, digital infrastructure and other emerging technologies." He indicated plans to strengthen Galaxy's existing finance team and support the company's ambitions to establish industry leadership. Beyond his operational role at Galaxy, Paquette maintains board memberships with Scholars of Finance, Junior Achievement of New York, and the Concussion Legacy Foundation, alongside advisory relationships with multiple fintech startups.
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