David Solomon, who has publiclly discussed the financial benefits of cryptocurrency trading, has been confirmed as the next CEO of Goldman Sachs to replace Lloyd Blankfein.
Solomon has been with Goldman Sachs since 2006, working his way from the joint head of the investment banking division, to the chief operations officer in 2016. Last month, he shared the news that the New York-based investment bank was expanding its cryptocurrency services offered to clients.
As reported by Forbes, Solomon has confirmed that the firm already offer clients the option of Bitcoin futures trading as a publicly-traded derivative option. He also expressed an interest in evolving Goldman Sachs’ business and adapting the environment to better suit cryptocurrency services.
He remains cautious with these pursuits, however, admitting there is still a lot to learn about the market. Working closely alongside clients and listening to their wishes, Solomon hopes to successfully provide new cryptocurrency investment opportunities through Goldman Sachs.
A change in Goldman Sachs policies?
Blankfein was never as dismissive of Bitcoin as his Wall Street colleagues during his 12-year stint as CEO. While he had said that it was something unfamiliar and even uncomfortable for him, he described it as ”arrogant” to say widespread cryptocurrency adoption could not take place.
Goldman Sachs became one of the first Wall Street names to begin offering clients Bitcoin services, and now Blankfein has passed the baton to Solomon, it looks as though the bank may continue creating forward-thinking cryptocurrency policies.
Solomon certainly breaks the mold of what one might expect from a tradition institutional investor. In his spare time, he produces and DJs electronic dance music under the stage name DJ D-Sol. His debut single ‘Don’t Stop’ was released just last month – the man has certainly been keeping busy.
A fresh perspective from Solomon is looking to be promising for the cryptocurrency market in the field of financial institutions.
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