John Dalby, Chief Financial Officer at Bridgewater Associates leaves to join financial services firm Bitcoin NYDIG.
Dalby will be the organization’s chief financial officer, NYDIG said in a statement Friday. It offers custody, execution and funding of Bitcoin to its clients and is an affiliate of $ 10 billion alternative asset manager Stone Ridge. NYDIG recently raised over $ 300 million from strategic partners, including Massachusetts Mutual Life Insurance Co. and Liberty Mutual.
He is the latest industry leader to jump into cryptocurrency. In 2018, Alesia Haas stepped down as CFO of Och-Ziff Capital Management at rejoin Coinbase Global Inc.
Dalby has worked at Bridgewater, which manages $ 150 billion, for less than three years, according to his LinkedIn profile. Previously, he was CFO at DE Shaw Renewables and had spent more than two decades at UBS Group AG.
“Every day more industries understand the potential of Bitcoin and more and more customers are looking for ways to securely access it,” Dalby said in the statement. “Personally, I share NYDIG’s vision for Bitcoin’s ability to power economic empowerment for all.”
This week, Goldman Sachs Group Inc. said it offer new Bitcoin derivatives to Wall Street investors.
Bridgewater said Dalby will remain with the company until the end of the second quarter to ensure a smooth transition. He is looking for his replacement.
(Updates to include the Bridgewater statement in the last paragraph,)
