Coinbase Cryptocurrency exchange hires Jeff Horowitz as Chief Compliance Officer to help them in regulations of virtual and cryptocurrencies, the company confirmed this officially. For the past three years Horowitz has served as global head of compliance for Pershing LLC, a subsidiary of Bank of New York Mellon Corp. Pershing handles approximately $1.8 trillion in client assets.
Coinbase, one of the largest cryptocurrency exchanges based in the United States, said the hire reflected its commitment to compliance, as well as its recognition that companies require seasoned teams to deal with regulatory requirements in different countries.
Coinbase, which counts New York Stock Exchange owner Intercontinental Exchange Inc as an investor, has also been seeking to attract more business from institutional investors. To do so it is planning to offer services such as a sophisticated matching engine and secure storage of cryptocurrencies.
Prior to Pershing, Horowitz worked at Citigroup Inc, Goldman Sachs, and U.S. bank regulator the Federal Deposit Insurance Corporation, Coinbase said. He has also served as a member of the Financial Crimes Enforcement Network’s Bank Secrecy Act Advisory Group.