Barry Silbert’s DCG Names TT’s President Michael Kraines as CFO

Barry Silbert’s Digital Foreign money Group has lured Michael Kraines, former president and CFO of Buying and selling Applied sciences, to grow to be its first-ever Chief Monetary Officer.

In his newly-created position as CFO, Kraines shall be tasked with the group’s finance, planning, technique, M&A exercise, and enterprise growth. He steps into the position following a prolonged profession within the monetary expertise area, having labored for almost three a long time on this realm.

Previous to becoming a member of Buying and selling Applied sciences, Kraines labored as a managing director at funding banking agency Sandler O’Neill + Companions for over 12 years. Further roles additionally embrace positions at Wasserstein Perella and Kirkland & Ellis LLP, courting again to 1988, in keeping with his Linkedin profile.

Michael Kraines, President and CFO of Buying and selling Applied sciences
Supply: LinkedIn

Following a four-year tenure, Kraines parted methods with the Chicago-based supplier of buying and selling options again in February. His departure was a part of broader modifications to TT’s administration construction which named a brand new govt workforce. Roger Mills, who spent almost twenty years at Buying and selling Applied sciences, has succeeded Kraines as Chief Monetary Officer.

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DCG Reshuffles Administration Workforce

Digital Foreign money Group, which operates the world’s greatest crypto-fund supervisor, additionally introduced a significant shift in its govt management earlier this yr. The corporate’s longtime Managing Director, Michael Sonnenshein has been handed the job of main Grayscale Investments.

The previous Barclays analyst assumed the submit of Chief Govt as Grayscale Founder, Barry Silbert stepped right down to concentrate on his different initiatives together with OTC crypto dealer, Genesis Buying and selling and cryptocurrency information website, CoinDesk.

Asserting the appointment, DCG founder and CEO Barry Silbert, mentioned: “I’m thrilled to announce Michael as a part of the DCG management workforce, as he brings each related sector experience and extremely complementary hands-on expertise to the position. Michael has spent his whole profession working within the FinTech sector and has actually seen all of it from an trade perspective.

“I’m delighted to affix DCG to assist speed up its progress and optimistic influence on the trade. I additionally sit up for growing the chance for DCG to foster a deeper collection of conversations relating to the way forward for crypto throughout the institutional neighborhood,” added Kraines.

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