Grayscale will have a Goldman Sachs executive as CEO after the departure of Michael Sonnenshein – DiarioBitcoin
By Hannah Perez
Michael Sonnenshein has stepped down as CEO of Grayscale after a decade in the role. He will be replaced by Peter Mintzberg, who currently works for Goldman Sachs.
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- Michael Sonnenshein steps down as CEO of Grayscale
- Goldman Sachs bank executive Peter Mintzberg will replace him
- Grayscale manages a US spot Bitcoin ETF
Michael Sonneshein, the CEO of digital asset investment fund manager Grayscale, has resigned from his position after 10 years at the company.
Sonnenshein joined the firm in 2014 as an account executive before rising to become chief executive officer (CEO) in 2021. He will be succeeded by Peter Mintzberg, who is currently head of asset and wealth management strategy at Goldman Sachs. The new CEO will take office The 15th of August, advertisement Grayscale in a release this Monday.
“It has been an honor and a privilege to work alongside such smart and passionate people to build Grayscale into an industry titan over the last decade“, declared Sonnenshein.
““I would like to thank Barry Silbert for his vision and partnership, and for entrusting me with the direction of the Grayscale business.”he added, mentioning the CEO of the parent company Digital Currency Group. “The cryptoasset class is at a major inflection point and this is the right time for a smooth transition.”“, said.
Grayscale manages one of the exchange-traded funds (ETFs) of Bitcoin spot that are traded in the US market, and has a vast offering of investment products linked to cryptocurrencies. Currently awaiting the verdict for an ETF of Ethereum spot by US regulators.
Mintzberg, Sonnenshein’s replacement, studied at Harvard and Stanford University and previously worked for BlackRock for seven years and OppenheimerFunds.
Article by Hannah Estefanía Pérez / DailyBitcoin
Picture of Unsplash
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