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Goldman Sachs’ operations chief quits for Coinbase
Roger Bartlett, a senior executive and managing director at Goldman Sachs, has left the bank to join crypto trading platform Coinbase. Roger Bartlett spent 16 years at Goldman Sachs and announced in a Linkedin post that he will join Coinbase as head of global financial operations to help clients take advantage of the opportunities digital assets offer.As co-head of operations for Goldman Sachs' global markets business, Bartlett oversaw a team of about 2,500 employees responsible for the back-office functions of the sales and trading business. In 2016, he moved to New York as Managing Director Global Head of Operations for Equities and was promoted to Managing Director - Global Co-Head of Operations for Global Markets in 2020. But it seems that Barlett, like many other bankers, saw an attractive opportunity to work at Coinbase, which hopes to hire 2,000 employees by 2022, citing 'enormous' opportunities in the crypto space.
Roger Bartlett is not alone
The list of bankers entering the crypto industry is growing. In May, Coinbase hired former Goldman Co-Chief Government Affairs Officer Faryar Shirzad as its new Chief Policy Officer to bolster its lobbying efforts. Around the same time, Hong Kong-based crypto trading platform Amber Group hired former Goldman Sachs executive Dimitrios Kavvathas.With employees moving into the crypto industry, banks have also decided to dip their toes into it. Citigroup for example has created a new digital assets team and plans to hire 100 people. Goldman Sachs has revived its crypto division, offering futures tied to bitcoin and ether. Meanwhile JPMorgan has hired blockchain specialists and entered the metaverse as the investment bank set up an "Onyx by J.P. Morgan" lounge in Decentraland.
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