Coinbase Hires CFO from Wall Street Hedge Fund

19.04.2018

Global crypto exchange Coinbase have become the latest crypto player to poach top talent from Wall Street after announcing that they would be hiring a Chief Financial Officer (CFO) from a well-known Wall Street hedge fund.

According to a blog post published by Coinbase on April 17, Och-Ziff Captial Management (Oz Management) CFO Alesia Haas has left the Wall Street firm to join Coinbase as their new CFO.

Haas previously worked as CFO for OneWest Bank and was previously employed by Merrill Lynch and General Electric in senior management roles before accepting her position at Oz Management. She worked as the CFO of the New York hedge fund, which manages $31 billion in assets, for one and a half years.

Coinbase President and COO Asiff Hirji wrote in the company’s blog post that Haas is slated to start some of her new duties at Coinbase immediately, but will stay on to help the new Oz Management CFO Thomas Sipp transition into his role until June 1, 2018.

Brian Armstrong, the CEO and founder of Coinbase, said that Haas “brings deep financial services experience to our growing company” and that he is “incredibly excited to have Alesia join Coinbase as our new CFO.”

Armstrong also mentioned that Coinbase will “continue bringing the best and brightest from both finance and technology companies to help create an open financial system for the world.” 

Coinbase has been making some high profile hires from top global firms as of late, including hiring former President and COO of Ameritrade Asif Hirji as COO, Facebook’s former Director of Technology Communications Rachael Horwitz as VP of communications, and former Twitter VP of Operations and User Services Tina Bhatnagar as Coinbase’s new VP of operations and technology. Coinbase also recently acquired Earn.com for an estimated $100 million and brought in its CEO Balaji Srinivasan as Coinbase’s Chief Technology Officer (CTO).

Executives from Wall Street firms continue to move from management roles in traditional finance to manage top crypto companies. Richard Kim, former VP at Goldman Sachs’ London office, was hired last week by crypto merchant bank Galaxy Digital, which was founded by Mike Novogratz. Blockchain.info named a Goldman executive as its chief of institutional sales and strategy on April 17.

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