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Jeff Horowitz joins Coinbase's new chief of compliance Coinbase
Coinbase's new chief compliance officer, Jeff Horowitz, has just completed his first day of negotiations. The former general manager and chief compliance officer of BNY Mellon's Pershing LLC subsidiary, has spent the day in meetings, and through an integration process that he equates to a mix of Silicon Valley and Wall Street.
Horowitz, who has spent a large part of his career managing brokerage and clearing and settlement solutions, looks to the future, particularly with regard to two of Coinbase's latest innovations in solutions. cryptocurrency business. the twelfth largest stock exchange in the world, with a daily volume of 156 million dollars in bitcoin, ethereum, bitcoin cash and litecoin transactions, has opened Coinbase Custody, aimed at making it more attractive for traditional hedge funds to diversify their portfolios with crypto currency, and the month before buying a licensed broker.
Taken together, with the Horowitz rental, Coinbase's recent surge shows just how serious the company is about the adoption of the institutional cryptocurrency. "
" Over the last two decades, I've put in place global programs to fight AML and prevent fraud for companies like Citigroup, Goldman Sachs, and Salomon Brothers, "Horowitz said. Forbes. "These are precisely the types of programs that institutional investors need to see as they begin to see crypto as an investment opportunity."
Recently, Horowitz worked as General Manager of Pershing and Head of Global Compliance, where he oversaw Global Financial Solutions' regulatory and compliance programs. Previously, he helped manage anti – money laundering and corporate compliance programs as a corporate compliance officer.
But Horowitz strives to make cryptocurrency more attractive to risk-averse institutional investors. working with the Federal Deposit Insurance Corporation (FDIC), and two terms as a member of the FinCEN's Banking Secrecy Act Advisory Group which makes it the most attractive for cryptocurrency exchange. Currently, he sits on committees for compliance and regulatory policy of the Association of Industry and Financial Markets (SIFMA) as well as for compliance and advising the FINRA (Financial Industry Regulatory Authority).
Following the hiring of Mr. Horowitz, Mike Lempres, Head of Legal Services and Risk at Coinbase, should focus more exclusively on the government relations efforts of the Cryptocurrency Exchange.
BNY Mellon's Pershing lease, which manages $ 1.8 trillion in assets, comes at a time when the cryptocurrency space is facing a shortage of safekeeping platforms. Despite the increase in institutional demand for cryptocurrency investment opportunities, even the most progressive corporate trusts have been reluctant to physically keep the assets alive.
Among the few startups providing cryptocurrency services, ItBit is the first cryptocurrency. charter granted by the Financial Services Department of New York in October 2015 and last month received extended authorization to the ethereal guard, litcoin, bitcoin in cash, and lumens. Prime Trust, based in Nevada, recently announced its own cryptocurrency efforts and serves as a qualified depository for stocks, bonds, cryptocurrencies and real estate
While Horowitz begins its second day of work in In this increasingly competitive space, the main priorities are to add new monitoring controls for childcare services and to ensure that Coinbase's broker-dealer services comply with the regulations in force.
" My job is to guide the business"
Jeff Horowitz becomes the new Head of Compliance Coinbase Coinbase
The new Head of Compliance Coinbase, Jeff Horowitz , just finished his first day of work.The former general manager and chief compliance officer of BNY Mellon's Pershing LLC subsidiary, spent the day in meetings, and through an integration process that It is like a mixture of Silicon Valley and Wall Street.
With formalities For its part, Horowitz, who has spent most of his career managing brokerage and clearing and settlement solutions. delivery, looks to the future Earlier this month, the twelfth largest stock exchange in the world, with a daily volume of 156 million dollars in bitcoin, ethereum, bitcoin and litecoin transactions, opened Coinbase Custody, aimed at: it is more interesting to r traditional hedge funds to diversify their portfolios with cryptocurrency, and the month preceding the purchase of a licensed broker.
Taken together, with the hiring of Horowitz, Coinbase's recent surge shows just how serious the company is in adopting the institutional cryptocurrency, despite the regulatory hurdles.
"For two decades, I've built the LBC and fraud prevention programs for companies like Citigroup, Goldman Sachs and Salomon Brothers," Horowitz told Forbes. "These are precisely the types of programs that institutional investors need to see as they begin to see crypto as an investment opportunity. "
Recently, Horowitz worked as general manager of Pershing and global chief of compliance, where he oversaw investment programs. Global Financial Solutions Prior to that, it helped manage anti-money laundering (AML) and corporate compliance programs as a compliance manager.
But as Horowitz works to make cryptocurrency more attractive to risk averse institutional investors, it may be his ex Regulatory period, in collaboration with the Federal Deposit Insurance Corporation (FDIC), and two terms as a member of FinCEN. Secrecy Act Advisory Group makes it the most attractive for cryptocurrency exchange. Currently, he sits on committees for compliance and regulatory policy of the Association of Industry and Financial Markets (SIFMA) as well as for compliance and advising the FINRA (Financial Industry Regulatory Authority).
Following the hiring of Mr. Horowitz, Mike Lempres, Head of Legal Services and Risk at Coinbase, should focus more exclusively on the government relations efforts of the Cryptocurrency Exchange.
BNY Mellon's Pershing lease, which manages $ 1.8 trillion in assets, comes at a time when the cryptocurrency space is facing a shortage of safekeeping platforms. Despite the increase in institutional demand for cryptocurrency investment opportunities, even the most progressive corporate trusts have been reluctant to physically keep the assets alive.
Among the few startups providing cryptocurrency services, ItBit is the first cryptocurrency. charter granted by the Financial Services Department of New York in October 2015 and last month received extended authorization to the ethereal guard, litcoin, bitcoin in cash, and lumens. Prime Trust, based in Nevada, recently announced its own cryptocurrency efforts and serves as a qualified depository for stocks, bonds, cryptocurrencies and real estate
While Horowitz begins its second day of work in In this increasingly competitive space, the main priorities are to add new monitoring controls for childcare services and to ensure that Coinbase's broker-dealer services comply with the regulations in force.
" My job is to guide the company's journey," he said.
