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Michael Novogratz's Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFi

Prince will work closely with the firm's president, Chris Ferraro, to expand Galaxy's crypto offering.

Mike Novogratz, Founder and CEO, Galaxy Digital (Suzanne Cordiero/Shutterstock/CoinDesk)
Michael Novogratz's Galaxy hires Zac Prince, former CEO and co-founder of BlockFi. (Suzanne Cordiero/Shutterstock/CoinDesk)

What to know:

  • Zac Prince has joined Galaxy Digital as a managing director.
  • Prince is to work closely with the company's president, Chris Ferraro, to expand the firm's crypto offering.

Michael Novogratz's Galaxy Digital (GLXY) has hired Zac Prince as a managing director, according to an internal memo seen by CoinDesk.

Prince will be working closely with Galaxy's President, Chris Ferraro, to expand the company's digital assets offering.

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Galaxy believes that crypto is entering a "pivotal era of transformation," and has hired Prince to help deliver the firm's strategic vision, the company said in the memo.

He joins from real estate advisory firm RE Cost Seg, where he was employed as CEO for the last year.

Prince is well known in the industry. He is the former CEO and co-founder of bankrupt crypto lender BlockFi.

Galaxy hired former Point72 chief financial officer Anthony Paquette to serve in the same role at the crypto financial services firm, it said in December.

Read more: Michael Novogratz's Galaxy Appoints Former Point72 Exec as CFO



Will Canny

Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He's now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.

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