Alameda Research co-CEO Resigns, Caroline Ellison Takes Over
- Sam Bankman-Fried started the quantitative trading firm Alameda Research.
- Trabucco was included in Forbes magazine’s 30 Under 30 list.
On Wednesday, Sam Trabucco, co-CEO of Alameda Research, made the announcement of his departure through Twitter. With Trabucco’s announcement, co-CEO Caroline Ellison will take over as CEO, and he will transition into an advisory role. FTX Crypto Exchange Founder Sam Bankman-Fried started the quantitative trading firm Alameda Research in 2017.
After serving as a trader at Alameda Research in 2019, Trabucco was promoted to his current position in August 2021. He followed Bankman-Fried by a year at MIT, graduating in 2015, and worked as a trader for Susquehanna International Group until being employed at Alameda Research.
Transition During Crypto Winter
During his time as Alameda Research’s co-leader, Trabucco was included in Forbes magazine’s 30 Under 30 list. However, he recently announced that he would no longer be “a strong day-to-day presence” at the firm.
Trabucco stated:
“Spending a ‘normal’ amount of time at work is tricky — especially when you’re trying to be a leader. […] I needed to relax, and I’m really, really happy.”
When asked about his future intentions, Trabucco said he had just purchased a boat but otherwise had nothing concrete planned.
Before he started FTX, Bankman-Fried established the influential Alameda Research. Anchorage Digital, a cryptocurrency bank, received investment from them. The firm has been in the spotlight ever since the start of the current crypto winter when it offered to take out the struggling Voyager Digital. Voyager Digital ultimately rejected the offer. It has also contributed to programs like the MARA exchange in East Africa. Sam Bankman-Fried, CEO of FTX and founder of Alameda Research, retweeted the thread.
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Read more: https://thenewscrypto.com/alameda-research-co-ceo-resigns-caroline-ellison-takes-over/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
