Aziz McMahon, the head of emerging markets and managing director at Goldman Sachs investment bank, has resigned from his job position after allegedly making millions of dollars in profit from Dogecoin investments.
According to his LinkedIn profile, the executive has been with the London branch of Goldman Sachs for 14 years.
Goldman confirmed the departure of McMahon but did not mention a reason. Although McMahon has not given an immediate response to media requests to comment on his exit, his colleagues have confirmed his departure. Sources familiar with the talks have revealed that McMahon might be starting a hedge fund.
Dogecoin cryptocurrency was created in 2013 as a joke but has shushed some doubters with its meteoric rise. The cryptocurrency has skyrocketed in price by 10,300% year-to-date and has been popularized by well-known backers like