Sam Trabucco, Alameda Research Co-CEO has announced that he is stepping down from his leadership role. However, he will remain with the company in the capacity of adviser. While fellow Co-CEO Caroline Ellison will become the sole CEO – Alamea confirmed the changes.
Trabucco and Elssion became Co-CEOs after Alameda Co-Founder Sam Bankman-Fried (SBF) stepped down from the role. Trabucco said in a tweet prefaced with “On happiness” that he has been gradually reducing his involvement with Alameda in the past few months, and would no longer have a strong day-to-day presence with the company.
He noted that he came to the decision because he could not “personally continue to justify the time investment of being a central part of Alameda”. He acknowledged that his involvement and time spent at Alameda had “been a thrill to be part of” but he had reached a point in life where he had “to prioritise other things”.
Trabucco said that he does not currently have other projects lined up, and saw his stepping down as an opportunity for him to “recover”. He listed out the things that had made him really happy lately, such as traveling, visiting friends and family, and buying a boat.
Ellison was hired in 2018 while Trabucco was hired in 2019. Initially appointed to the position in August 2021, Trabucco used to be a trader at Alameda Research and he graduated from the Massachusetts Institute of Technology in 2015. He was a Susquehanna bond trader and friend of SBF.
Alameda Research was founded by Sam Bankman-Fried before he founded FTX. It was a major presence in the crypto market. It operates a wide network of trading, yield farming, startup investments and market making activities. Alameda Ventures previously offered to buy out centralised crypto lender Voyager Digital Holdings’ digital assets, shortly after Voyager filed for bankruptcy on July 5.