Galaxy Digital has lost its head of Europe, Middle East, and Africa, as the firm revamps its European leadership.
Tim Grant, 62, announced his departure from Mike Novogratz's crypto trading company on LinkedIn on Thursday. In August 2021, Grant arrived at Galaxy from SIX Digital, where he was CEO.
It was a privilege to lead the EMEA expansion and play my part in the Galaxy story, he wrote.
In June, he became the head of sales globally.
Marshall spent the past four years as lead of sales at Genesis, the now defunct institutional trading platform that was part of the Digital Currency Group.
Marshall, a commodities trader at Swiss bank UBS and a portfolio manager at the $500 billion private equity outfit Apollo Global Management, was born before diving into the world of crypto.
He was responsible for CCData and CryptoCompare's first role in crypto, leading research for CCData and CryptoCompare.
The past 18 months have seen a decline in Galaxy Digital's top execs, including two Goldman Sachs alums, Danielle Johnson and Damian Vanderwilt.
In May 2022, Johnson left her position as head of global distribution and private capital markets.
Last year, the firm announced that Vanderwilt will quit his role as co-president and become a consultant.
Galaxy has hacked numerous Goldman executives from Novogratz's former firm. The investment bank doesn't seem to harbour any ill will, it executed its first cryptocurrency trade through Galaxy in March 2022.
Adam Morgan McCarthy, a London-based markets correspondent, is the Editor-in-Chief of DL News.