Grayscale Investments, the world’s largest crypto asset manager, has appointed Peter Mintzberg as Chief Executive Officer (CEO), effective August 15, 2024. Mintzberg will also join Grayscale’s Board of Directors.

He succeeds Michael Sonnenshein, who stepped down to pursue other interests. Until then, Grayscale’s Chief Financial Officer (CFO) Edward McGee will lead the firm as principal executive officer.

Mintzberg has over 20 years of experience with leading asset managers. Barry Silbert, founder and CEO of Digital Currency Group (Grayscale’s parent company), praised Mintzberg’s leadership skills.

“Peter is an exceptional strategic leader with global expertise across the most prominent asset managers, which are critical ingredients as we position Grayscale for its next phase of growth,” Silbert stated.

Read more: Who Is Barry Silbert, Founder of Digital Currency Group (DCG)?

Mintzberg currently serves as the Global Head of Strategy for Asset and Wealth Management at Goldman Sachs. He has also held leadership roles at BlackRock, OppenheimerFunds, and Invesco, focusing on Strategy, M&A, and Investor Relations. His career began at McKinsey & Co., where he worked in financial services and technology.

Mintzberg expressed his gratitude and honor regarding his appointment.

“I’ve long admired Grayscale’s position as the leading crypto asset management firm, and I am honored to join the most talented and pioneering team in the business. This is an exciting time in Grayscale’s history as it continues to capitalize on the unprecedented momentum in the asset class,” he said.

Reflecting on his tenure, Sonnenshein mentioned that it had been an honor to work alongside such intelligent and passionate individuals to help expand Grayscale into a leading entity in the industry. He expressed his best wishes for the team’s success in their future endeavors.

Sonnenshein joined Grayscale in 2014 and became CEO in 2021. He led the firm from $60 million to around $30 billion in assets under management. He also achieved a historic court victory against the SEC, enabling Grayscale to list the first spot Bitcoin exchange-traded fund (ETF) on NYSE Arca.

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