Bridgewater Associates CFO heads to Bitcoin-focused firm

Departing his place because the chief monetary officer of Bridgewater Associates, John Dalby will assume the put up of chief monetary officer for Bitcoin-focused tech and finance firm NYDIG.

“The NYDIG staff and I are extraordinarily excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann mentioned in a public assertion launched on Friday. He added:

“His kindness, curiosity, and humility, mixed along with his deep monetary companies expertise, are an ideal match for NYDIG as we proceed to construct institutional Bitcoin options. Working on Bitcoin is more and more what lots of the greatest and brightest staff search – together with trade leaders like John – and NYDIG is uniquely positioned to provide them the platform, assets, and tradition to shine, in pursuit of our collective mission to convey Bitcoin safely to everybody.”

Founded in 1975 by well-known investor Ray Dalio, Bridgewater Associates operates as a mainstream powerhouse funding administration entity. NYDIG, a youthful firm targeted on Bitcoin, has made quite a lot of headlines this yr, together with garnering funding to the tune of $100 million.

Dalby previously held excessive positions at UBS and D.E. Shaw Renewables Investments, giving him huge experience, primarily based on the general public assertion. “The progress of NYDIG has been unbelievable,” Dalby mentioned within the assertion. “Every day, extra industries come to perceive Bitcoin’s potential and extra shoppers search methods to safely entry it,” he added. Further feedback within the assertion from the brand new NYDIG chief monetary officer confirmed his positivity towards Bitcoin’s potential.