Strategic Leadership Addition
Crypto custody firm Copper has announced the appointment of Tammy Weinrib as its new Chief Compliance Officer and Bank Secrecy Act (BSA) Officer for the Americas. This strategic move, disclosed in a press release on Monday, signifies Copper’s commitment to strengthening its compliance framework as it expands its footprint in the U.S. market.
Key Responsibilities and Location
In her new role, Weinrib will spearhead the firm’s licensing initiatives within the United States and will be an integral part of Copper’s executive team, operating from the company’s New York office. Her expertise will be crucial in navigating the complex regulatory landscape of the U.S. financial market.
Expertise from Industry Leaders
Tammy Weinrib brings a wealth of experience to Copper, having previously served as Chief Compliance Officer and BSA Officer at Binance.US. Her prior tenure at the prominent crypto exchange Gemini further solidifies her credentials in the cryptocurrency sector. Moreover, Weinrib has a robust background in traditional finance, with significant roles at notable institutions including Citi, The Royal Bank of Scotland, and Standard Chartered.
Comments from Leadership
Amar Kuchinad, Copper’s global CEO, expressed enthusiasm about Weinrib’s appointment, stating, “Her appointment marks an important step forward as we accelerate our growth strategy and expand our offering to traditional finance.” This sentiment underscores the company’s focus on aligning its services with the evolving needs of both crypto and traditional financial markets.
Strategic Shift in Focus
In a related development, Copper announced in December that it had withdrawn its application to register with the U.K.’s financial services regulator. This decision is part of a broader strategic shift aimed at concentrating efforts on markets such as the United States, Europe, and the Middle East, where the potential for growth is significant.
Looking Ahead
As Copper continues its expansion, the hiring of Tammy Weinrib signals a proactive approach to compliance and regulation in the rapidly evolving cryptocurrency landscape. With her leadership, the firm is poised to navigate the complexities of its growth strategy effectively.
