Players from the traditional banking industry and Main Street continue to defect to join the crypto space, with the latest being a Goldman Sachs exec who’s now working for Blockchain.
The wallet service was able to land Breanne Madigan who previously worked at Goldman Sachs as head of institutional wealth services.
Her role with Blockchain will be head of institutional sales and strategy. Her charge will be to help the company boost its institutional clientele, a group that is seen as being far more lucrative due to their wealth.
Who’s Breanne Madigan?
Prior to joining Blockchain this month, Madigan spent 13 years at Goldman Sachs. As mentioned above, she headed the investment bank’s wealth services division, where she was responsible for a business of more than 300 individuals across a wide range of teams, as well as $2 billion in annual net revenue.
She was also entrusted with managing 30 of the investment bank’s highest priority hedge fund clients.
Other roles Madigan held at Goldman include chief operating officer for the bank’s foreign exchange business. She also worked in its emerging markets division.
On her LinkedIn profile, Madigan notes that the bank’s wealth services division provides cross-asset expertise and access to narrowly syndicated public and private transactions, including direct investments, and cornerstone investments across equity and debt capital market offerings.
Blockchain is looking for Madigan to bring the skillset she developed at Goldman to its operations to help it cultivate its institutional client list. Blockchain execs see her extensive background in investment strategy as making her an “invaluable asset” to the Blockchain team.
In a statement, Blockchain CEO Peter Smith said:
Breanne has a proven track record of adding value to her teams and her clients, and as Blockchain continues to grow its institutional presence, I can think of no one better to help scale our business.
He added that Madigan has a proven track record of adding value to her teams and her clients, which are skills that should help Blockchain scale its business.
Madigan said she was thrilled to have the opportunity to “create a more modern and inclusive financial system for businesses and individuals around the world.”
[I look] forward to leveraging what I have learned from the traditional financial industry in this exciting new venture.
Another major scoop
Landing Madigan is another major hiring move for Blockchain, as it comes on the heels of it landing Marco Santori to be President and Chief Legal Officer earlier this year. He’d been a partner at the law firm Cooley LLP.
While there, he gained the reputation of being one of the most prominent lawyers in the crypto space.
Blockchain.info was founded in 2011 by the current CEO Peter Smith and former President Nicolas Cary. The service offers more than 23 million Bitcoin wallets to clients worldwide. The company said that 2017 was a record year, and Santori’s appointment is part of its scaling efforts.