Galaxy Digital Appoints Ex-Goldman Sachs Executive as Chairman

Mike Novogratz will remain as CEO as the firm plans for a U.S. stock offering later in the year.

AccessTimeIconApr 16, 2021 at 12:24 p.m. UTC
Updated May 9, 2023 at 3:18 a.m. UTC

Galaxy Digital named former Goldman Sachs executive Michael Daffey as its chairman.

  • The appointment, announced Friday, is in preparation for the firm’s U.S. public stock offering.
  • The investment management firm currently trades on the Toronto Stock Exchange.
  • Mike Novogratz, who will remain as CEO, said in March that the company will list in the U.S. in the second half of the year.
  • Daffey was most recently chairman of Goldman Sachs’ global market division, with his retirement announced in March.
  • He also recently bought a $51 million New York City mansion previously belonging to convicted sex criminal Jeffrey Epstein.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.