Copper poaches chief risk officer from Mastercard
In the past 12 months Copper has landed an investment from Barclays and appointed ex-Chancellor Phillip Hammond to its advisory board.
Copper, a provider of digital asset custody and trading infrastructure, has appointed Tim Neill as its new chief risk officer.
Neill, who will be reporting to Copper’s chief operating officer, Sabrina Wilson, previously held the same position at payments giant Mastercard in its Real Time Payments & Applications division.
Alongside his payments role, Neill was also head of risk for product and engineering, covering new payments platforms, digital banking and CBDCs. He has over 20 years’ experience and is a board member of Vocalink, Board Trustee of Voca Pensions.
Prior to Mastercard, he held a number of senior risk and operations positions at London Stock Exchange Group, Standard Chartered Bank and Deutsche Bank, amongst others.
“At such a critical time for risk and compliance in the cryptoasset ecosystem, I look forward to applying my digital finance security management experience at Copper to help ensure institutional investors and asset managers can continue to transact and store cryptocurrencies transparently and securely,” said Neill.
Founded in 2018, Copper provides brokerage and custody services for 500 digital assets for institutional investors via more than 45 exchanges.
Copper has raised a total of £70m and has a current valuation of £2bn.