Rana Yared, the partner of Goldman Sachs, plans to exit her position at Goldman Sachs for a VC outfit, as the firm lost another one of its top brass on February 5 after two other executives expressed departure plans several days prior.
#Crypto #Trading Pioneer Rana Yared Leaves Goldman Sachshttps://t.co/8r6iVuTfP4https://t.co/QkNiw6icxw — John Morgan (@johnmorganFL) February 7, 2020
During her time at Goldman, Yared played a major role in the financial giant’s crypto endeavors.
Since 2017, the blockchain and crypto industry has seen an influx of traditional market entities in some capacity. In July 2019, a job post from Goldman Sachs hinted at the firm’s potentially growing interest in the industry.
In addition, since last fall, several Goldman Sachs’ alumni have moved into the industry, including Howard Surloff, who joined Blockchain.com’s general counsel last October.
However, as part of a pool of traders, Yared headed up Goldman’s dive into crypto by allocating portions of the company’s funds into up-and-coming technology businesses. Yared had a hand in approximately $2 billion in funds invested.
It has been analyzed that beginning in 2006, Yared had a notable career at Goldman Sachs, achieving partnership status by age 34 in 2018, Bloomberg detailed. During her time at the firm, Yared also managed an investing posse for the firm, supervising 30 individuals.
Just a few days ago, Goldman Sachs lost two of its other top brass — Ezra Nahum and Adam Korn.
Thus, in January, David Solomon, the chief executive of Goldman Sachs, announced that the company would refuse an initial public offering if the company lacks a director who is “female or diverse.”