Noto Skips Coatue To Take Twitter CFO Reins

Jul 2 2014 | 8:54am ET

Coatue Management has bid farewell to its incoming senior managing director before he even started at the hedge fund.

Anthony Noto was set to begin at Coatue this week, but was introduced yesterday as Twitter’s new CFO. Noto had left Goldman Sachs, where he was co-head of technology, media and telecommunications banking, to join the $9 billion hedge fund.

At the time of his hire by Coatue, the hedge fund’s founder, Philippe Laffont, called him “a key addition to our private investing effort.” But Noto’s move to Twitter has Coatue’s support, The Wall Street Journal reports, as indicated by Noto in—what else?—a tweet yesterday morning.

“Thank you to Philippe & Thomas at Coatue for your support in making a once in a lifetime opportunity possible at” Twitter, Noto wrote, using a hashtag to indicate that he is “forever grateful.”

At Goldman, Noto led Twitter’s initial public offering in November, a listing that, especially compared to that of Facebook a year earlier, went smoothly. Things have since become choppier at the social-networking company.

At Twitter, Noto will succeed Mike Gupta, who becomes senior vice president of strategic investments. It is actually Noto’s second stint as a CFO: He ran the National Football League’s finances from 2008 and 2010, an interlude in his 13-year Goldman career.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...