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Copper is hiring five former Bank of America employees
Michael Roberts will lead Copper's new prime infrastructure team The appointments come after Copper hired a chief operating officer and chief legal officer last month Digital asset custodian Copper has hired five former Bank of America Merrill Lynch employees to lead the expansion of its prime infrastructure offering. Those appointed include Michael Roberts, Adam Groom, Paul Barham, Ben Carr and Ross Budgen, the company said on Monday. The new hires report to Copper Chief Revenue Officer Boris Bohrer-Bilowitzki. According to his LinkedIn profile, Roberts spent 16 years at Bank of America, most recently as managing director and head...
Copper is hiring five former Bank of America employees
- Michael Roberts wird das neue Prime-Infrastrukturteam von Copper leiten
- Die Ernennungen erfolgen, nachdem Copper im vergangenen Monat einen Chief Operating Officer und einen Chief Legal Officer eingestellt hatte
Digital asset custodian Copper has hired five former Bank of America Merrill Lynch employees to lead the expansion of its world-class infrastructure offering.
Those appointed include Michael Roberts, Adam Groom, Paul Barham, Ben Carr and Ross Budgen, the company said on Monday. The new hires report to Copper Chief Revenue Officer Boris Bohrer-Bilowitzki.
Roberts spent 16 years at Bank of America, most recently as managing director and head of the bank's main platform for Europe, the Middle East and Africa (EMEA), according to his LinkedIn profile. He will now lead the new Prime Infrastructure team.
“I have been watching Copper from afar for several years and am continually impressed by the speed and quality of the solutions they bring to market,” Roberts said in a statement. “Boris and the team understand the technology that institutional investors want and need to pursue crypto strategies.”
Groom and Barham, who led relationship management and product development respectively for Bank of America Merrill Lynch's flagship platform in EMEA, join Roberts on the Copper team.
Carr and Budgen add expertise in product development, account management and analytics.
The former Bank of America Merrill Lynch members will help build Copper's world-class infrastructure offering of custody, collateral management and hedging services, a company spokesman told Blockworks in an email.
Founded in 2018, Copper provides custody, trading and settlement solutions for institutional investors across 450 cryptoassets and around 45 exchanges.
The planned expansion comes as more prime brokers join the Copper ecosystem and its ClearLoop network, according to the company. Launched in 2020, ClearLoop eliminates the need for institutional investors to transfer digital assets to an exchange before they can trade and includes collateral management for crypto derivatives.
The latest appointments come shortly after the company named Sabrina Wilson as chief operating officer and Carly Nuzbach Lowery as chief legal officer last month.
Wilson was most recently global co-head of Citi's futures, over-the-counter clearing and foreign exchange prime brokerage businesses. She also held various roles at Goldman Sachs, JPMorgan and Deutsche Bank.
Nuzbach Lowery joins Copper from Coinbase, where she was associate general counsel in London. Previously, she was senior legal counsel at Uber and Barclays.
The move is part of a larger migration of talent from traditional finance to crypto.
“While we have seen some people making this move, to us it seems far from a trend – at least for now –,” Lawrence Lieberman, senior managing director of staffing firm The Orion Group, told Blockworks. "We've certainly had more crypto-related conversations in the last few months than expected. [There's] plenty of intrigue, but still enough uncertainty to make this a move only for the real risk-takers."
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The post Copper Hires Five Former Bank of America Employees is not financial advice.