2018-10-19 15:44 |
The cryptocurrency sector, despite being looked down upon by Wall Street, is busy poaching head honchos from top banks and technology companies. Recently, New York based cryptocurrency exchange Gemini appointed Esther Babb as its new director of business development. Babb’s two-decade-long career on Wall Street is a huge win for the exchange. She was most recently employed at Goldman Sachs working on data intelligence.
How the News Leaked on LinkedInThe Gemini poach was revealed by Babb on her LinkedIn profile, where she listed the Winklevoss-led exchange as her new employer. Babb’s career began with Goldman in the year 2000, and she worked in numerous roles in sales and trading, as well as investment banking. She managed fixed income sales in Europe, which is a $4-billion business, as an executive director.
In 2010, she joined Chicago-based hedge fund Citadel as a senior business analyst. There she managed teams within Surveyor Capital, a unit of Citadel, and helped in building an equity hedge platform. She worked on numerous proprietary tech platforms too.
She rejoined Goldman last year as a VP in equities technology business management. Babb worked in data intelligence strategy with the bank before leaving it in July 2018.
Neither Goldman nor Babb has made public statements regarding the change.
Gemini’s New Hiring StrategyBefore Babb, Gemini hired two more notable people to its staff. The first was Sydney Brie Schaub, former general counsel, and corporate secretary for Rent the Runway, a fashion industry start-up. The second was Jeanine Hightower-Sellitto, former Nasdaq executive, who joined Gemini as a managing director covering operations. Several former Goldman Sachs executives are busy with blockchain and cryptocurrency start-ups. One among them is Gary Cohn, who has joined blockchain company Spring Labs as an advisor.
Gemini has recently started taking new strides in cryptocurrency innovation. It recently launched its own stablecoin, Gemini Dollar (GUSD), which was recently listed on another popular crypto exchange, OKEx. It also partnered with Omniex to facilitate institutional investments in the cryptocurrency sector. It has the added advantage of being a regulated cryptocurrency exchange, which helps in providing more legitimacy to the platform.
Gemini Appoints Former Goldman Techie as Director of Business Development was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
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