Goldman Sachs’ Executive Director in charge of Global FX and Emerging Markets Franchise Management, Aditya Turakhia, has joined Ripple after over 7 years at the American multinational investment company.
The new Ripple employee joined Goldman Sachs in July 2013 as analyst involved in the G10 FX Franchise Management, and rose to become an associate in 2015, before we was made the executive director in 2018.
Now, the former Goldman Sachs executive is a Ripple employee and will serve as the company’s Senior Manager Global Institutional Markets. The new Ripple employee had also worked at HSBC Singapore before joining Goldman Sachs. Turakhia studied at Nanyang Technological University Singapore.
Before moving to London, he started as an intern FX analyst at the Singapore Press Holdings. While Ripple is always on the lookout to hire for expansion purposes, Goldman Sachs is also expanding its blockchain team.
Already, Goldman Sachs is planning to launch its stablecoin and is working to increase the numbers of employees working on cryptocurrency. The bank hired Matthew McDermott as its new digital asset global head.
During an interview with CNBC, McDermott said Goldman Sachs is looking into the possibility of launching a fiat digital token and the newly gathered team is exploring the use cases of cryptos at the moment.
Also, Goldman Sachs had hired Oli Harris as head of strategy for its cryptocurrency section. Before joining Goldman Sachs, Harris was the backbone of JPMorgan’s blockchain solution branded Quroum and the bank’s JPM Coin.
Will Meade is not Goldman Sachs’ Alumni
Goldman Sachs had rebuffed a recent news report flying around that renowned Twitter Personality, Will Meade, was an ex-staff of the organization.
Recall that Will Meade, earlier this month made top crypto media headlines after he tweeted that he had made his first-ever crypto purchase by buying XRP and that even though he knew little about crypto, he believes that XRP would surge to an all-time high as soon as Bitcoin does, quoting that a rising tide lifts all boats.
Meade’s tweet where he explained that a bull run for Bitcoin would likely send XRP to experience a 1500% price upsurge led to numerous crypto news reports claiming that an ex-Goldman Sachs employee had predicted a 1500% XRP Bull run, this was because Meade’s Bio on Twitter was misinterpreted to mean he was an ex-portfolio manager at Goldman Sachs.
However, an employee at Goldman Sachs who claimed anonymity revealed that there was no single record found on the prominent Hedge fund’s database that Meade had worked there.
Although Meade’s Twitter bio records that “Former PM at Goldman Sachs founded $1.4 billion hedge fund” was interpreted by some crypto news platform, to mean Meade was an Ex-portfolio Manager at Goldman Sachs and that he had founded a hedge fund that worth $1.4 billion.
Nonetheless, some analysts were of the opinion that the introduction of a hyphen between the two statements would interpret that Meade had worked for a Hedge fund founded by Goldman Sachs or a Goldman Sachs funded hedge fund.
Based on this suggestion Meade’s Twitter bio could be interpreted that he was referring to the time he worked at Wood Asset Management, a hedge fund founded by a former partner of Goldman Sachs Gary Wood.
Meanwhile, Meade has also claimed that he works at Forbes as an editor and that he has partnered with the renowned magazine, he further claimed that excerpts from his book “The Little Black Book Of Billionaire Secrets” were published on Forbes.