Saturday, 27 August 2016
Last updated 15 hours ago
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.