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In a bid to help its clients gain greater exposure to cryptocurrencies, Goldman Sachs hired Justin Schmidt as head of digital asset markets, according to a report by financial industry newsletter Tearsheet.
The 38-year old former trader joins the bank’s securities division in New York as a vice president, a Goldman spokesperson told Bloomberg.
“In response to client interest in various digital products, we are exploring how best to serve them in the space,” bank spokeswoman Tiffany Galvin-Cohen said in a statement. “At this point, we have not reached a conclusion on the scope of our digital asset offering,” she said.
Schmidt commenced his job on ... (read more)