Copper, a cryptocurrency custodian, has appointed a former senior advisor to the U.S. Securities and Exchange Commission (SEC) as its new global CEO.
Copper, a crypto custody company, has appointed Amar Kuchinad as its new global managing director (CEO). Kuchinad was previously the Managing Director at Goldman Sachs.
The development occurred two months after copper obtained a Trust or Company Service Provider (TCSP) license in Hong Kong, which underscored its global expansion endeavors. The company stated that the license was a significant milestone in its expansion into the Asia Pacific market.
Kuchinad’s new duty as Copper’s CEO, as per a press release issued on August 14, entails the development of the company’s global growth strategy, the enhancement of its U.S. presence, and the advancement of regulatory milestones in Abu Dhabi and Hong Kong.
Kuchinad began his professional journey at Credit Suisse and later assumed the role of senior policy advisor to the Securities and Exchange Commission (SEC) and the chief of Goldman Sachs’ U.S. Portfolio Credit Trading. In 2014, he established Electronifie with the objective of enhancing bond trading through digital and systemic innovation.
Kuchinad succeeded Copper’s originator, Dmitry Tokarev, who relinquished his position as CEO after seven years of what the company characterized as “visionary leadership.”
Lord Hammond, Copper’s Chairman, extended his warmest regards to Kuchinad in his new position, emphasizing that he would serve as an ideal complement to Dmitry’s accomplishments at the organization.
“His experience and skill sets are the ideal complement to Dmitry’s technical strengths as we implement our industry-leading technology to assist global financial institutions in the trading and protection of digital assets of all types.”
Hammond clarified that Dmitry would continue to actively participate in Copper’s future as a strategic shareholder and the Board’s Founder Director.
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