An executive with Goldman Sachs London has reportedly quit his role with the bank after making millions from Dogecoin. Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs, reportedly resigned from the company after making money from his investment in Dogecoin – a cryptocurrency that was started after an internet meme and has risen in value by 72 times between the start of January and late last week. While the.
One of the world s largest investment banks confirmed a top executive had exited the firm, but failed to explain the reason, US media revealed on Tuesday.
by Tyler Durden
Wednesday, May 12, 2021 - 05:14 PM
In a story that captures the impact that cryptocurrencies - created by Satoshi Nakamoto to disrupt the practice of central banking - have had on the world of finance, a managing director at Goldman Sachs has reportedly quit the bank after making a fortune off Dogecoin.
The Guardian and the website efinancialcareers reported that Aziz McMahon, a former managing director and head of emerging market sales at Goldman Sachs, resigned from the investment bank - and gave up one of the most prestigious jobs in the world of finance - after earning the windfall of a lifetime off a cryptocurrency created as a joke back in 2013, and which has seen a massive runup so far this year. The exact size of McMahon s alleged crypto-fortune wasn t disclosed, other than the fact that he made millions of dollars . The cryptocurrency is up more than 1,00% in 2021, though it has fallen more than 30% since the start of the week, and was recently trading