Galaxy Digital loses leadership of Europe, Middle East and Africa

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Galaxy Digital loses leadership of Europe, Middle East and Africa

Galaxy Digital has lost its chairmanship of Europe, Middle East, and Africa, as it adjusts its European leadership.

Tim Grant, 58, announced on LinkedIn his departure from Mike Novogratz's crypto trading firm. In August 2021, he arrived at Galaxy from SIX Digital, where he was CEO.

'It's been a privilege to lead the EMEA expansion and play my part in the Galaxy story,' he said.

In June, he joined the global head of sales.

Marshall spent the past four years as a head of sales at Genesis, the now-defunct institution trading platform that was a subsidiary of the Digital Currency Group.

Marshall was commodities trader at Swiss bank UBS and a portfolio manager at the $500 billion private equity firm Apollo Global Management.

He served as head of research for CCData, then CryptoCompare, his first role in crypto.

Over the last 18 months, Galaxy Digital has lost several top execs, notable departures include two Goldman Sachs alums - Danielle Johnson and Damian Vanderwilt.

In June, Johnson left her role as head of global distribution and private capital markets.

The firm announced last year that Vanderwilt will leave his role as co-president and become a consultant.

Galaxy reportedly seized several top executives from Goldman, Novogratz's former firm. While the investment bank does not harbour any ill will, it executed its first crypto trade through Galaxy in March 2022.

The market Correspondent for DL News is Adam Morgan McCarthy, who resides in London.