Roger Bartlett, a former executive at Goldman Sachs, revealed his retirement from the investment bank in a LinkedIn post, announcing his intention to join Coinbase Global.
Bartlett will be the worldwide head of operations for the main bitcoin exchange in the United States. The former Goldman Sachs executive is the latest senior executive to leave Wall Street for the blockchain and cryptocurrency space.
Bartlett will work with four Coinbase officials, including President and Chief Operating Officer Emilie Choi, Chief Finance Officer Alesia Haas, and Vice President of Institutional Products. Greg Tusar with Brett Tejpaul, Head of Institutional Sales.
A Goldman Sachs Executive Enters the Blockchain Space
“Now is the time to embrace the crypto economy… “The time has come for me to follow my passion for supporting the next generation of cryptocurrency economies,” Bartlett told CoinTelegraph.
Coinbase is the United States’ biggest bitcoin exchange. It is the second biggest city in the world. The crypto exchange giant has dramatically boosted its staff during the previous year. Between 2020 and 2021, the company’s staff base quadrupled, reaching 3,730 at the end of the year.
Meanwhile, Bitcoin and other cryptocurrencies fell late Friday, signalling that investors are becoming more risk apprehensive and anticipating a collapse in cryptocurrency values.
As of this writing, Bitcoin was trading at $13,169. Bartlett’s exit follows another former Goldman Sachs employee, former Vice President Gaurav Budhrani’s, appointment as CEO of Bitcoin mining business PrimeBlock in September 2021.
Coinbase issued the announcement immediately after publishing its fourth-quarter financial report for 2021, in which the company revealed its intention to add 6,000 new workers this year, with a focus on customer service and dependability.
According to a letter to shareholders filed on Friday, Coinbase has 3,730 full-time workers as of Dec. 31, more than three times the amount in 2020.
Bartlett Says Goodbye “I’d want to take a moment to convey my thanks to all of the wonderful individuals I’ve worked with at Goldman Sachs,” Barttlett said, adding that it’s been “a genuine delight to work alongside you… I’ve grown in wisdom and maturity in ways I never believed imaginable.”
Coinbase’s most recent appointments include some well-known people from the conventional finance (“tradfi”) industry.
The bitcoin exchange recruited a former Securities and Exchange Commission consultant earlier this year to oversee its public policy section.
Goldman Sachs, based in New York City, presently manages more than $2 trillion in assets (AUM). Coinbase’s stock is now trading at $174. At the time of writing, it is down 5% from Friday’s market open.
According to some, the contentious investment bank is responsible for the 2008 financial crisis. Satoshi Nakamoto was inspired to create Bitcoin after the collapse of the financial system.
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