Key Takeaways
- • Mike Novogratz has hired Richard Kim from Goldman Sachs to head the cryptocurrencies desk at Galaxy Digital, the cryptocurrency merchant bank that is a subsidiary of his family office, according to PEI Private Equity.
- • Kim is reported as joining Galaxy Digital as chief operating officer, part of a broader trend of former Goldman Sachs executives moving into digital assets.
- • Galaxy Digital also named former Goldman Sachs executive Michael Daffey as chairman, effective September 1, per supplemental coverage of the same period.
- • Goldman Sachs' head of digital assets said the bank was conducting due diligence on several crypto firms, without naming them.
Summary
Mike Novogratz has lured Richard Kim away from Goldman Sachs to head the cryptocurrencies desk at Galaxy Digital, the cryptocurrency merchant bank housed within Novogratz's family office structure, according to PEI Private Equity. The article's publisher summary and related coverage describe Galaxy Digital as having hired Kim from Goldman Sachs as chief operating officer.
The move is part of a wider flow of senior Wall Street talent into digital assets. Related coverage in the publisher's database describes another Goldman executive leaving the bank for the crypto sector, and reports that Galaxy Digital also named former Goldman executive Michael Daffey as chairman, with the appointment effective September 1.
In parallel, coverage of Goldman Sachs itself notes that the bank's head of digital assets said Goldman was conducting due diligence on a number of crypto firms, without disclosing names. Goldman Sachs was also reported to be expanding its bitcoin trading activity, reflecting the bank's growing engagement with the asset class.
The primary article is brief, and the specific mandate, assets under management and reporting lines for the cryptocurrency desk were not detailed in the available material.
The move is part of a wider flow of senior Wall Street talent into digital assets. Related coverage in the publisher's database describes another Goldman executive leaving the bank for the crypto sector, and reports that Galaxy Digital also named former Goldman executive Michael Daffey as chairman, with the appointment effective September 1.
In parallel, coverage of Goldman Sachs itself notes that the bank's head of digital assets said Goldman was conducting due diligence on a number of crypto firms, without disclosing names. Goldman Sachs was also reported to be expanding its bitcoin trading activity, reflecting the bank's growing engagement with the asset class.
The primary article is brief, and the specific mandate, assets under management and reporting lines for the cryptocurrency desk were not detailed in the available material.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.