Goldman Sachs Is Hiring a New VP of Digital Assets

Investment banking giant Goldman Sachs is hiring a new vice president in the Digital Assets team within its Global Markets Division in London. According to a recent job posting on the investment firm’s website, the new VP will work with the Digital Assets team in “defining and executing Goldman Sachs’ distributed ledger technology (DLT) and blockchain efforts firmwide, including any potential initiatives in the cryptocurrency space.”.

The current global head of digital assets for Goldman Sachs is Mathew McDermott, who assumed the role on Aug. 6. The strengthening of the digital assets team comes after an investors’ call in May, in which Goldman Sachs analysts argued that Bitcoin (BTC) lacked legitimacy, provided no cash flow, didn’t provide diversification and hadn't shown any evidence of being an inflation hedge.

Timeline of Bitcoin