Mike Novogratz’s crypto investment bank, Galaxy Digital Capital Management, hired Goldman Sachs banker Ian Taylor to oversee the group’s advisory-services arm. Taylor will join Galaxy Digital before January 2019, sources told Bloomberg.
Sources close to the matter, who have been asked not to be named because the information isn’t yet public, have stated that he will be joining before the end of the year to head up Galaxy Digital Advisors.
Taylor was a managing director at Goldman, where he worked for almost 19 years, according to his LinkedIn profile. At Galaxy Digital, he will oversee Galaxy Digital Advisors, a unit that provides blockchain advisory services.
Novogratz, who himself is a former Goldman partner, stated once that he was trying to create the Goldman Sachs of the crypto sphere, but has since restructured his vision into becoming the Drexel Burnham Lambert of the industry.
Another investment banker who left Goldman Sachs to join Crypto is former Goldman executive Michael Bucella. He joined BlockTower Capital, a crypto asset investment firm founded by former Goldman vice president Matt Goetz.