Welcoming our new Chief Compliance Officer, Jeff Horowitz

By Asiff Hirji

At this time we're delighted to announce that we've appointed Jeff Horowitz as Coinbase’s Chief Compliance Officer. Jeff joins us after spending near 12 years at Pershing LLC, a BNY Mellon Firm, one of many largest suppliers of brokerage custody, clearing and settlement options on the planet.

From our earliest days as an organization, Coinbase dedicated itself to being the world’s most trusted and best to make use of cryptocurrency service. Including Jeff to our staff is yet another necessary step alongside this journey. His expertise, imaginative and prescient and judgment might be extremely priceless as we proceed to broaden into new markets, and add new companies resembling Coinbase Custody and our lately introduced acquisition of a licensed broker-dealer.

For the previous three years, Jeff served as Pershing’s managing director and international head of compliance, overseeing its regulatory and compliance applications. Previous to this position, Jeff was the agency’s chief compliance officer and international head of anti-money laundering (AML) and compliance applications.

Earlier than becoming a member of Pershing, Jeff led numerous compliance and AML applications at Citigroup, Goldman Sachs, and Salomon Brothers. He beforehand served as a banking regulator with the Federal Deposit Insurance coverage Company (FDIC), together with twice serving as a member of FinCEN’s Financial institution Secrecy Act Advisory Group (BSAAG). Jeff additionally actively helps form regulation and business finest practices by means of his roles on quite a few business and regulatory committees. These embrace the Safety Trade and Monetary Markets Affiliation’s (SIFMA) Compliance and Regulatory Coverage Committee, and the Monetary Trade Regulatory Authority’s (FINRA) Compliance and Advisory Committee. His expertise managing issues associated to broker-dealer regulation, asset custodianship, and AML applications makes him a uniquely certified chief for our compliance staff.

As Coinbase — together with the cryptocurrency area as a complete — grows and matures, continued regulatory compliance throughout all of the various jurisdictions globally might be crucial. Jeff’s appointment builds on the inspiration laid by our chief authorized and threat officer, Mike Lempres, who will now focus his assets completely on main our authorities relations efforts. Hiring Jeff is recognition on our half that navigating compliance complexities on a worldwide scale requires a concerted, cross-functional effort, guided by leaders with expertise that spans coverage, monetary companies, and company governance.

Please be part of us in welcoming Jeff to our staff!