Former Goldman Sachs Exec Connie Shoemaker Joins Anchorage Digital\'s Board of Directors

Connie Shoemaker currently serves as the COO and CFO of asset management firm Bridgewater Associates' parent company.

Crypto custody firm Anchorage Digital has appointed former Goldman Sachs executive Connie Shoemaker to its board of directors, according to a Thursday announcement.

Shoemaker is currently the chief operating officer (COO) and chief financial officer (CFO) of Bridgewater Associates Holdings, the parent company of Bridgewater Associates, the world’s largest hedge fund.

Anchorage Digital is the only crypto bank currently chartered by the Office of the Comptroller of the Currency (OCC). Other institutions, like Paxos and Protego, have applied to the OCC for a full charter but have yet to clear the provisional charter stage. Anchorage Digital’s business has grown with the increasing institutional interest in crypto, spurred by the approval of spot Bitcoin exchange-traded funds (ETFs), a company spokesperson told CoinDesk.

The crypto bank's board expansion is part of an effort "to meet rising institutional demand for safe, secure and federally regulated digital asset infrastructure," Anchorage Digital said in the announcement.

Anchorage Digital co-founder and CEO Nathan McCauley told CoinDesk via a company spokesperson that Shoemaker’s experience in the traditional finance (trad-fi) world will be "invaluable" as the company continues to grow, adding that her work building out the commercial bank division at Goldman Sachs is "highly applicable" to Anchorage Digital's work.

“By adding Connie to the board of Anchorage Digital Bank, we are doubling down on our commitment to advance the institutional ecosystem with our federally regulated offering,” said McCauley.

Shoemaker was Goldman Sachs' global head of strategy during the 2008 global financial crisis, where she oversaw the growth of Goldman Sachs Asset Management (GSAM). She later became Goldman Sachs' chief administrative officer.

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Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.

News source：https://www.kdj.com/cryptocurrencies-news/articles/goldman-sachs-exec-connie-shoemaker-joins-anchorage-digital-board-directors.html

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