MEXCWho is Peter Mintzberg? Grayscale’s New CEO
Highlights
- Peter Mintzberg has been named the new CEO of Grayscale.
- He will succeed Michael Sonnenshein on Aug 15, the company disclosed.
- Mintzberg is the global head of strategy for Gold Sachs and has worked with other TradFi firms.
Crypto asset manager Grayscale has announced the appointment of Peter Mintzberg as its new Chief Executive Officer. In a May 20 press release, Grayscale disclosed the transition following the resignation of former CEO Michael Sonnenshein. The move sparked debates among social media spaces due to the experience of Mintzberg in traditional finance circles.
This appointment comes after the approval of spot Bitcoin (BTC) ETFs in January leading to huge institutional investments in the market. Spot Bitcoin ETFs are seen as an investment vehicle for traditional finance players.
Who Is Peter Mintzberg?
The incoming CEO of Grayscale on Aug 15 is hailed as an achiever in traditional finance working with several Wall Street firms. Peter Mintzberg serves as the Global Head of Strategy at Goldman Sachs Assets and Wealth Management. With a track record in finance, he is tipped to drive the next level of growth at Grayscale.
Mintzberg joined Goldman Sachs in 2021 and holds multiple achievements with the firm. Before this, he worked with Apollo Global Management between 2020 and 2021. His wealth of experience can be seen in previous roles with Invesco, and BlackRock, amongst others. He kickstarted his career at McKinsey & Co, New York.
He was awarded by the Alumni Society as a Latino Leader in Finance. Peter Mintzberg was honored as a David Rockefeller Fellow in 2017.
He obtained his MBA at Harvard University and is an alumnus of Stanford University Graduate School of Business. He picked up his Bachelor’s degree in Computer and Industrial Engineering at the Federal University of Brazil.
The Task Ahead At Grayscale
Peter Mintzberg comes to Grayscale when the firm’s product marks high outflows compared to other Bitcoin ETF issuers. Since the conversion for Grayscale’s Bitcoin Trust, the fund has seen about $17 billion outflows while competitors have recorded combined $30 billion inflows.
Barry Silbert, the founder of Digital Currency Group, Grayscale’s parent company, hailed Mintzberg’s achievement and expertise looking forward to his time at the firm.
“I’m excited to see what he accomplishes at Grayscale in its next chapter as the firm continues to expand its future-forward investment product suite.”
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