The leading cryptocurrency exchange, Coinbase, announced the appointment of a new chief compliance officer — Jeff Horowitz. Before this recent appointment, Jeff worked for nearly 12 years at Pershing LLC, a BNY Mellon Company.
His appointment as a member of the team is in line with the exchange’s commitment to becoming the best trusted and easiest to utilize cryptocurrency service in the world. The team noted that Jeff’s experience over the years would be a major contribution to the attainment of the exchange’s goals.
As expressly indicated in the official announcement, Jeff’s vision, experience, and judgment would be particularly valuable, considering that Coinbase is expanding into new markets and launching different new services.
Jeff Horowitz’s Robust Work Experience
In the last three years, Jeff was reportedly the managing director and global head of compliance at Pershing LLC. In that capacity, he played a general oversight role in the compliance and regulatory programs of the firm. Before that, Jeff was Pershing’s chief compliance officer and global head of antimoney laundering (AML) and compliance programs.
Before his employment with Pershing, he spearheaded diverse compliance and AML programs at top firms such as Salomon Brothers, Citigroup and Goldman Sachs. He has also worked on several industries and regulatory committees and has contributed to setting up regulation and industry best practices. Such committees include the Financial Industry Regulatory Authority’s Compliance and Advisory Committee and the Security Industry and Financial Markets Association’s Compliance and Regulatory Policy Committee.
Timely Addition to Coinbase Team
The cryptocurrency industry, with the inclusion of Coinbase exchange, is experiencing rapid growth globally. According to the Coinbase team, the appointment of Jeff is in recognition of the fact that handling compliance issues globally demands concerted efforts led by personnel who has sufficient experience in various relevant sectors such as corporate governance and financial services, among other sectors.