Galaxy Appoints Matt Friedrich as Chief Legal Officer
Rhea-AI Summary
Galaxy Digital (NASDAQ:GLXY) has appointed Matt Friedrich as Chief Legal Officer, effective September 8, 2025. Friedrich, who previously held senior legal positions at Cognizant and Chevron, will oversee Galaxy's global legal and compliance matters, reporting directly to CEO Mike Novogratz.
Friedrich brings extensive experience from both public and private sectors, including 13 years at the U.S. Department of Justice where he served as Acting Assistant Attorney General of the Criminal Division. He succeeds Andrew Siegel, who has served as Galaxy's General Counsel since 2017 and played a crucial role in the company's recent Nasdaq listing.
Positive
- Appointment of highly experienced legal executive with both public and private sector background
- Strategic addition to leadership team amid evolving regulatory landscape in digital assets and AI
- Successful completion of recent Nasdaq listing under previous General Counsel
Negative
- None.
News Market Reaction – GLXY
On the day this news was published, GLXY declined 2.04%, reflecting a moderate negative market reaction. Argus tracked a peak move of +5.6% during that session. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $240M from the company's valuation, bringing the market cap to $11.50B at that time.
Data tracked by StockTitan Argus on the day of publication.
Former Cognizant, Chevron Executive to Lead Regulatory and Policy Strategy
"Matt is a critical addition to Galaxy's leadership team as we scale the business and drive innovation globally," said Mr. Novogratz. "With laws and regulations shifting around the world, his public- and private-sector experience will be key to expanding Galaxy's footprint and shaping the next chapter of digital assets and AI."
Prior to joining Galaxy, Mr. Friedrich served in various senior in-house legal roles, including at Cognizant Technology Solutions, where he served as Executive Vice President and General Counsel, overseeing global legal, compliance, and government affairs functions, and at Chevron, where he served as Chief Corporate Counsel. Mr. Friedrich was also a law firm partner at Freshfields Bruckhaus Deringer and Boies, Schiller & Flexner, representing multi-national companies in cross-border investigations, litigation, and compliance matters. Earlier in his career, Mr. Friedrich was a federal prosecutor, spending 13 years at the
"Galaxy is one of the most sophisticated and well-respected players in the digital assets and AI industries, and I am excited by the opportunity to work with this remarkable team," said Mr. Friedrich. "As digital assets and AI continue to reshape the financial services industry, I look forward to leveraging my experiences working with a broad range of cutting-edge, multinational companies and their stakeholders to help chart its continued growth as a leading investor, adviser, operator, and partner."
Mr. Friedrich succeeds Andrew Siegel, who has served as Galaxy's General Counsel since 2017. During that time, Mr. Siegel built and led a world-class legal and compliance team while navigating an evolving regulatory landscape and playing a key role in Galaxy's listing on Nasdaq earlier this year.
"Andrew's steady leadership and deep commitment to Galaxy's mission have helped shape the company from the very beginning," said Mr. Novogratz. "On behalf of the entire company, I want to thank Andrew for his service and wish him continued success in his next chapter."
About Galaxy
Galaxy Digital Inc. (NASDAQ/TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the
Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.
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SOURCE Galaxy Digital Inc.
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