San Francisco-based crypto giant Coinbase has reportedly hired Jeff Horowitz as the company’s new Chief Compliance Officer, as part of an effort to improve trust and compliance with regulators. Horowitz will take up the role initially filled by chief legal and risk officer, Mike Lempres, who will now focus exclusively on government relations efforts.
Proud to welcome our new Chief Compliance Officer, Jeff Horowitz. Jeff's experience in financial services and policy will be invaluable as we expand into new markets and continue toward our goal of being the most trusted and compliant crypto company.https://t.co/o5aYUjRuqT
— Coinbase (@coinbase) July 31, 2018
According to the announcement, Horowitz will jump right in to begin supporting Coinbase’s efforts to expand its Custody offerings, as well as integrate the recent licensed broker-dealer acquisitions.
Adding Jeff to our team is one more important step along this journey. His experience, vision and judgment will be incredibly valuable as we continue to expand into new markets, and add new services such as Coinbase Custody and our recently announced acquisition of a licensed broker-dealer.
Prior to joining Coinbase, Horowitz served as the managing director and global head of compliance at Pershing LLC, where he oversaw its regulatory and compliance programs. Before Pershing, Horowitz had stints at Citigroup, Goldman Sachs, and Salomon Brothers.
This move comes as the company begins to roll out new products in markets outside of the United States, such as a new feature that will allow its European customers to cash out their cryptocurrency in the form of digital gift cards.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.