Galaxy Digital Holdings Ltd. , a bitcoin-focused agency providing banking and institutional companies, named former Goldman Sachs Group Inc. govt Michael Daffey as its chairman forward of a deliberate U.S. inventory providing later this 12 months.
Mr. Daffey, 54 years previous, replaces founder Michael Novogratz who will stay chief govt.
Mr. Daffey was most just lately the chairman of Goldman’s international markets division, which generated greater than 40% of the agency’s total income in the first quarter. His final day was March 31.
The appointment is Galaxy’s newest maneuver as it prepares to make a public inventory providing within the U.S. later this 12 months. Its shares are already listed on the Toronto Stock Exchange. In March, it named Alex Ioffe as chief monetary officer; Mr. Ioffe beforehand held the identical place at Virtu Financial Inc.
Galaxy Digital started as an investment-management agency however has since expanded into extra monetary companies, together with funding banking and buying and selling. On Monday, it filed a submission with the Securities and Exchange Commission for a bitcoin-focused exchange-traded fund.
