On 31st July, Asiff Hirji, the President and COO of Coinbase announced on Coinbase’s official Twitter, the newest addition to their core team, Jeff Horowitz who’s been appointed as the Chief Compliance Officer. Coinbase is a secure online trading platform where users can buy, sell, transfer, manage and store digital currency.
Jeff Horowitz worked closely with Pershing LLC for over 12 years first as a Managing Director and later as the Chief Compliance Officer. Pershing LLC is a global financial solution that provides fiscal services to institutional investors, managers and big-time advisors to flourish. It is a subsidiary of the Bank of New York Mellon Company with over $1 trillion in assets under its administration.
Coinbase, in their official Medium blog, said that as an organization they are committed to being the world’s most trusted and convenient cryptocurrency platform. To that effect, Jeff would be a valuable asset to the company. Horowitz’s expertise, vision, experience, and judgment would be an incredible addition to Coinbase’s vision.
Before joining Pershing, Jeff led several compliances related Anti-Money Laundering programs at Goldman Sachs, Salomon Brothers, and Citigroup. He also served as a banking regulator with the FDIC [Federal Deposit Insurance Corporation]. He has also worked on various industry and regulatory committees and helped shape regulation and industry practices through his roles.
Coinbase reaffirms that as they have been growing and maturing within the cryptocurrency space as a whole, it is incumbent upon them to have a continued regulatory compliance globally and across all jurisdictions.
Asiff Hirji said:
“Jeff’s appointment builds on the foundation laid by our chief legal and risk officer, Mike Lempres, who will now focus his resources exclusively on leading our government relations efforts.”
He then concluded:
“Hiring Jeff is recognition on our part that navigating compliance complexities on a global scale requires a concerted, cross-functional effort, guided by leaders with experience that spans policy, financial services, and corporate governance.”
Vitalik Buterin, the Co-Founder of blockchain platform Ethereum Tweeted his response to the announcement saying:
“It has been an exciting past year!”
Twitterati, CEOofDogecoin added:
“If you’re aiming to be the “most compliant” #crypto company, does that mean you’ll comply if I demand you add #Dogecoin?”
Twitter user, Tipmebits commented:
“Got a long way to go before the die-hard crypto community to trust in Coinbase.”
IsaiBCortez, another Twitter user replied saying:
“The one thing about Coinbase is their great diversity if you consider height diverse.”