Och-Ziff So Messed Up Top Exec. Is Fleeing To The Comparative Calm Of Cryptocurrencies

A year-and-a-half under Dan Och is plenty for Alesia Haas, thank you.
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By AntanaCoins (Own work) [CC BY-SA 3.0], via Wikimedia Commons

By AntanaCoins (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Eighteen months ago, things didn’t look so good for Och-Ziff Capital Management. There was the briberyso much bribery!—and the fallout thereof. There was the terrible performance, and the massive redemptions. Oh yea, and there were the early rumblings of a battle for control between firm founder Dan Och and his soon-to-be-designated successor and his son’s former waterskiing instructor, Jimmy Levin. Into this breach stepped OneWest Bank and Merrill Lynch veteran Alesia Haas as the embattled firm’s new CFO. And she helped turn things around. But then Och decided things were going too well and decided to blow up his deal with Levin. And, coincidentally or not, Haas is off to do her CFOing in the apparently more predictable and stable world of cryptocurrency exchange.

We’re very excited to announce that Alesia Haas will join Coinbase as the company’s Chief Financial Officer (CFO). In her role at Coinbase, Alesia will allow us to accelerate our goal of building a world-class financial team that scales with the company through this period of profound growth.

Och can take heart, however, knowing that working for him is still better than working for Tidjane Thiam.

Och-Ziff, which has seen assets shrink and a number of executives depart as its struggled to overcome a corruption scandal, on Tuesday appointed former Credit Suisse Group AG executive Thomas Sipp as its new CFO.

Welcome Alesia Haas, Coinbase Chief Financial Officer [The Coinbase Blog]
Alesia Haas Is Leaving Och-Ziff to Become Coinbase’s CFO [Bloomberg]

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