Coinbase Names Wall Street Executive as New CFO

Cryptocurrency exchange operator Coinbase has hired Wall Street executive Alesia Haas to serve as its CFO.

Coinbase announced that it had hired Alesia Haas as its new chief financial officer (CFO). Haas has held the same position at Och-Ziff Capital Management, a New York-based investment manager with over $31 billion under management.

Coinbase CEO Brian Armstrong stated that Haas "brings deep financial services experience to our growing company."

“As a fintech company, finance is core to everything that we do. We plan to continue bringing the best and brightest from both finance and technology companies to help create an open financial system for the world,” he added.

Haas has previously worked for OneWest Bank as CFO and head of strategy. She was also employed by Merrill Lynch and General Electric in investment, senior finance and strategy positions. Haas will leave Oz Management on June 1 and will be replaced by Thomas Sipp.

Recently, more and more Wall Street executives have been moving to cryptocurrency and blockchain companies as the industry attracts more interest. Last week, we reported that Richard Kim, former VP at Goldman Sachs’ London office, was hired by crypto merchant bank Galaxy Digital, which was founded by Mike Novogratz. On Monday, Blockchain.info named a Goldman executive as its chief of institutional sales and strategy.

On Monday, Coinbase announced the acquisition of startup Earn.com for about $100 million, which is the largest deal for the cryptocurrency exchange operator. Earn.com was valued at $1.6 billion and generated $1 billion in revenue in 2017. Coinbase said that Earn CEO Balaji Srinivasan would become the company’s CTO.

At the beginning of March, Coinbase said it planned to hire 500 people to meet demand from customers. The company has recently attracted some prominent executives, among them Asif Hirji as COO (former HP), Emilie Choi as VP of corporate and business development (from LinkedIn), Tina Bhatnagar as VP of operations and technology (from Twitter), and Rachael Horwitz as VP of communications (from Facebook).