Bakkt's chief financial officer is departing the firm next month

United States News News

Bakkt's chief financial officer is departing the firm next month
United States Latest News,United States Headlines
  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 53%

Bakkt's chief accounting officer Karen Alexander is stepping into the role in an interim basis, according to a memo.

Bakkt's chief financial officer is leaving the firm next month after a little over a year with the Georgia-based crypto startup.

Bakkt first entered the market in 2018 with plans to launch a slate of digital asset tied initiatives — namely, bitcoin derivatives — and has since launched its own retail application that supports crypto purchases and allows users to convert certain reward points into cash. Bakkt also offers its technology to third-party businesses and merchants, enabling them to offer crypto-related services to their end clients.

LaBenne — who joined Bakkt in 2021 – previously served as chief financial officer of Amalgamated Finance Corp from 2015 to 2021. He previously worked at banking giant JPMorgan as the chief financial officer of its banking business from 2013 to 2015, according to his biography on Bakkt'sA spokeswoman for the firm said,"We greatly appreciate Drew’s contributions to Bakkt during a pivotal time for the company and thank him for his service.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheBlock__ /  🏆 464. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Los Angeles mayor's race: Congresswoman Karen Bass calls police union ad 'pathetic'Los Angeles mayor's race: Congresswoman Karen Bass calls police union ad 'pathetic'The Los Angeles Police Protective League, the union representing L.A. officers, endorsed developer and Bass's main opponent Rick Caruso and has spent over $4 million.
Read more »

A strong partnership between tech and finance executives is vital for digital successA strong partnership between tech and finance executives is vital for digital successOne of the most strategically important relationships in the C-suite is the one between the chief information officer and the chief financial officer.
Read more »

Luxury Is the Future Says Burberry as It Preps for Mega China ReboundLuxury Is the Future Says Burberry as It Preps for Mega China ReboundIt was the first time in two years that the company staged a live presentation at its London headquarters, and Akeroyd and Brown were in a bullish mood, optimistic about the future.
Read more »

Philadelphia Fed's manufacturing gauge drops to lowest level in 2 yearsPhiladelphia Fed's manufacturing gauge drops to lowest level in 2 yearsThe overall business outlook for the next six months tumbled to the lowest level since December 2008, at the height of the financial crisis.
Read more »

There Was No Terra ‘Attack’There Was No Terra ‘Attack’What $UST’s defenders don’t understand about finance: Markets have no morality. They have no mercy, but also no malice. The “attack” was nothing personal. DavidZMorris writes for this week’s 'Money Reimagined' newsletter.
Read more »



Render Time: 2025-02-09 02:29:18