Sam Trabucco, co-chief executive officer at Alameda Research, announced his resignation from his position on Twitter. Trabucco will continue to serve as a non-executive advisor.
It’s with the same goal that I’m announcing today that I am stepping down as co-CEO of Alameda Research — @carolinecapital will continue on as Alameda’s CEO. I will stay on as an advisor, but otherwise will not continue to have a strong day-to-day presence at the company.
— Sam Trabucco (@AlamedaTrabucco) August 24, 2022
“For years, I couldn’t think of anything more worthwhile to do with my time than to give it to Alameda,” he tweeted. “It’s been a thrill to be a part of, despite being difficult, exhausting, and consuming. But I’ve reached a point where I must prioritise other things.”
Alamed’s New Co-CEO Appointed
After Trabucco quits, the firm has already appointed his replacement. In October Caroline Ellison was appointed as co-CEO of the cryptocurrency company. Ellison became a trader for the company at the beginning of 2018.
In recent months, Trabucco had scaled back his responsibilities at Alameda. He doesn’t have any projects planned right now. Additionally, Trabucco claims he wouldn’t rule anything out. Ellison worked on the equities desk at Jane Street before joining Alameda Research, where she met Bankman-Fried. Together, they developed a 25-person team for Alameda’s trading floor and back office operations.
Sam Bankman-Fried, a billionaire in the cryptocurrency industry, launched Alameda, which transacts daily transactions of billions of dollars in digital currency. He gave Trabucco and Ellison control of the well-known cryptocurrency trading company in October so they could concentrate on the FTX exchange.
According to Trabucco, his time at Alameda was “the most formative” in his life. The MIT graduate had previously worked as a trader at Susquehanna International Group before joining the company.