A Goldman Sachs partner will join Galaxy Digital to help bridge the gap between Wall Street and crypto

Quick Take

  • Damien Vanderwilt, a partner at Goldman Sachs, is joining Galaxy at the beginning of 2021
  • Vanderwilt, who currently leads FICC execution services, will leverage his network to lead distribution for Galaxy’s various businesses

Mike Novogratz's Galaxy Digital is bringing on a Goldman Sachs partner as its co-president and head of global markets.

Damien Vanderwilt will be joining Galaxy Digital after more than 20 years with the bulge bracket bank. He most recently served as its global head of Fixed Income, Currencies and Commodities Execution Services. At the bank, he also played a role in building out Goldman's Marquee Trader, a single dealer trading platform. He got his start in equities execution services and trading in 2000. His tenure at the bank spanned roles in London, Hong Kong, and Sydney, as per his LinkedIn.

In his role at Galaxy, the Vanderwilt will leverage his contacts from the Wall Street world to drum up business across its respective units. In an interview with The Block, Novogratz said that a recent influx of macro hedge funds and pensions into the digital asset market made the pipeline for its products stronger than it has been historically. In many periods of Galaxy's history, it has struggled to churn a profit and avoid lay-offs. 

"In January, I was cautious and frustrated," Novogratz, a former macro trader, said. "But now I've been on so many freaking calls. The wealth channel is exciting, pensions are looking at more venture stuff and it feels like the business is growing fast." 

Start your day with the most influential events and analysis happening across the digital asset ecosystem.

By signing-up you agree to our Terms of Service and Privacy Policy