Galaxy Names Tony Paquette as Chief Financial Officer
25-Year Finance Veteran Joins from Point72
NEW YORK, Dec. 13, 2024 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy") today announced that Tony Paquette will be joining the firm as Chief Financial Officer. He succeeds Alex Ioffe, who will transition into a Senior Advisor role at Galaxy on January 1, 2025.
"We are pleased to welcome an executive of Tony's caliber to Galaxy during a period of significant growth for our firm," said Michael Novogratz, Founder and Chief Executive Officer of Galaxy. "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. We are pleased to continue to execute our growth strategy with Tony as a key part of our executive team."
Mr. Paquette brings over 25 years of experience across a range of roles in financial services and fintech. Most recently, he served as Chief Financial Officer of Point72 for over four years, leading the firm's global finance, treasury, broker relations, real estate and facilities organizations. Prior to that, he served as a Business Unit Leader at fintech company Social Finance (SoFi), overseeing the company's treasury, market risk, and regulatory and financial operations, and also helped spearhead its international expansion. Prior to SoFi, Mr. Paquette was a Managing Director at JP Morgan Chase for nearly a decade, holding roles including Portfolio Manager and Global Head of Funding and Liability Management. Before joining JP Morgan Chase, he was a Managing Director in Bank of America's Corporate Investments Group and Treasury division.
Mr. Paquette serves on the boards of Scholars of Finance, Junior Achievement of New York, the Concussion Legacy Foundation, and previously, Managed Funds Association (MFA) and the Brown University Athletics Advisory Council. He is also an active advisor to several Fintech startup companies.
"I am thrilled to join Galaxy, whose reputation as a world-class operator and investor in digital assets, digital infrastructure and other emerging technologies precedes it," said Mr. Paquette. "I look forward to expanding upon Galaxy's best-in-class finance team and helping further cement the firm as the preeminent industry leader."
"I want to express my gratitude to Alex for building a robust finance team that has helped to prepare Galaxy for a potential U.S. listing," said Mr. Novogratz. "In his nearly four years with Galaxy, Alex helped the company navigate through periods of unprecedented growth and market turbulence."
About Galaxy
Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing access to the growing digital economy. We serve a diversified client base, including institutions, startups, and qualified individuals. Since 2018, Galaxy has been building a holistic financial platform spanning three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise self-custodial technology. The company is headquartered in New York City, with global offices across North America, Europe, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
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