Key Takeaways
- • Galaxy Digital appoints Anthony Paquette, former Point72 CFO, to serve as chief financial officer, replacing Alex Ioffe who transitions to senior advisor role.
- • Paquette brings four years of hedge fund experience at Steve Cohen's Point72, where he oversaw global finance, treasury, and broker relations operations.
- • Prior to Point72, Paquette held positions at SoFi, JP Morgan Chase, and Bank of America, demonstrating institutional finance expertise across banking and fintech sectors.
- • Galaxy Digital continues pursuing U.S. Nasdaq listing, pending SEC approval for headquarters relocation from Cayman Islands to Delaware (filed February 2023); Paquette's institutional background aligns with public company governance requirements.
- • CEO Mike Novogratz acknowledged outgoing CFO Ioffe's role in building Galaxy's finance team and preparing the firm for potential U.S. listing transition.
Summary
Galaxy Digital, the cryptocurrency-focused financial services firm led by CEO Mike Novogratz, has appointed Anthony Paquette as its new chief financial officer, effective immediately. Paquette succeeds Alex Ioffe, who will assume a senior advisor position within the company. The appointment represents a significant leadership transition as Galaxy Digital continues advancing its strategic objective of obtaining a U.S. public listing on Nasdaq.
Paquette joins Galaxy Digital with substantial institutional finance credentials. He spent more than four years at Point72, Steven Cohen's multi-strategy asset management firm, where he served as CFO overseeing global finance, treasury, and broker relations functions. Prior to Point72, he held positions at SoFi, JP Morgan Chase, and Bank of America, establishing a career spanning fintech innovation and traditional banking infrastructure. His institutional experience positions him to navigate the regulatory and operational complexities associated with Galaxy Digital's anticipated U.S. listing transition.
Galaxy Digital remains Toronto-listed while pursuing Nasdaq admission. The company filed an SEC request in February 2023 to relocate its headquarters from the Cayman Islands to Delaware—a critical prerequisite for U.S. exchange listing. Novogratz emphasized Ioffe's contributions in building a robust finance team and establishing foundations for this corporate restructuring. Paquette's appointment suggests the firm is reinforcing its finance function with leadership experienced in institutional-grade financial governance and regulatory compliance.
In his statement, Paquette expressed confidence in Galaxy Digital'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 his objective to expand the finance team further and strengthen Galaxy Digital's competitive standing within the digital asset industry. The timing of this executive appointment reflects broader institutional maturation within the cryptocurrency sector as firms prepare for enhanced regulatory oversight accompanying potential U.S. public market access.
Paquette joins Galaxy Digital with substantial institutional finance credentials. He spent more than four years at Point72, Steven Cohen's multi-strategy asset management firm, where he served as CFO overseeing global finance, treasury, and broker relations functions. Prior to Point72, he held positions at SoFi, JP Morgan Chase, and Bank of America, establishing a career spanning fintech innovation and traditional banking infrastructure. His institutional experience positions him to navigate the regulatory and operational complexities associated with Galaxy Digital's anticipated U.S. listing transition.
Galaxy Digital remains Toronto-listed while pursuing Nasdaq admission. The company filed an SEC request in February 2023 to relocate its headquarters from the Cayman Islands to Delaware—a critical prerequisite for U.S. exchange listing. Novogratz emphasized Ioffe's contributions in building a robust finance team and establishing foundations for this corporate restructuring. Paquette's appointment suggests the firm is reinforcing its finance function with leadership experienced in institutional-grade financial governance and regulatory compliance.
In his statement, Paquette expressed confidence in Galaxy Digital'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 his objective to expand the finance team further and strengthen Galaxy Digital's competitive standing within the digital asset industry. The timing of this executive appointment reflects broader institutional maturation within the cryptocurrency sector as firms prepare for enhanced regulatory oversight accompanying potential U.S. public market access.
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