tl;dr
Anchorage Digital Bank has appointed Connie Shoemaker, a former Goldman Sachs executive, to its board of directors. Shoemaker, currently COO and CFO of Bridgewater Associates Holdings, brings experience from the traditional finance world. Anchorage Digital Bank, the only crypto bank chartered by the...
Former Goldman Sachs executive, Connie Shoemaker, has joined the board of directors at Anchorage Digital Bank. The move comes as the only crypto bank chartered by the OCC seeks to meet increasing institutional demand for regulated digital asset infrastructure. Anchorage Digital CEO Nathan McCauley highlights Shoemaker's traditional finance expertise as invaluable for the company's growth.
Shoemaker, currently COO and CFO of Bridgewater Associates Holdings, brings a wealth of experience from the traditional finance world to her new role. Anchorage Digital Bank, chartered by the Office of the Comptroller of the Currency (OCC), is positioning itself to cater to the rising institutional interest in cryptocurrency, particularly after the approval of spot Bitcoin ETFs.
Nathan McCauley emphasizes the significance of Shoemaker's track record in traditional finance, citing her experience in building the commercial bank division at Goldman Sachs as highly applicable to Anchorage Digital’s work. Anchorage Digital's expansion of its board of directors reflects its commitment to advancing the institutional ecosystem with a federally regulated offering.
Shoemaker's prior roles include serving as the global head of strategy at Goldman Sachs during the 2008 global financial crisis, where she oversaw the growth of Goldman Sachs Asset Management (GSAM) and later held the position of Chief Administrative Officer of Goldman Sachs Bank USA.
More about Optical Cable Corporation
Optical Cable Corporation Summary Optical Cable Corporation Summary
Optical Cable Corporation manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company is headquartered in Roanoke, Virginia.
Industry
Manufacturing
Key Activities
Drawing & insulating of nonferrous wire
Financials
Revenue: $219,411,000
Net Income: -$0.54
EPS: $8.35
ROE: -0.0643
Market Cap: $65,237,000
Dividend Yield: 0%
Beta: -0.179