Coinbase Custody Belief Appoints New York Banking Regulatory Veterans Richard Neiman and Robert Easton to its Board of Administrators
At present we’re asserting two new additions to the board of Coinbase Custody Belief Firm, Richard Neiman and Robert Easton. Each deliver many years of expertise in monetary providers, public coverage and banking operations. Their mixed data and judgment will assist information Coinbase Custody on its mission to be probably the most trusted and safe crypto custodian within the world.
Neiman and Easton’s expertise is especially necessary as a result of Coinbase Custody is regulated by the New York Division of Monetary Providers (NYDFS). NYDFS regulates many belief corporations, together with the Depository Belief & Clearing Company, ICE Belief, and plenty of different main monetary establishments. New York additionally was the primary state to manage crypto companies, beginning in 2015 with the Bitlicense. NYDFS now regulates greater than 20 crypto companies — greater than every other state.
Given the important function that NYDFS performs in regulating main crypto corporations, we’re honored to have Richard and Robert be a part of our board. Each deliver many years of expertise on the highest ranges of economic providers operations and regulation.
Richard Neiman is likely one of the nation’s foremost specialists on banks and banking regulation. He served from 2007 to 2011 as Superintendent of the New York State Banking Division (predecessor company to NYDFS). He additionally served alongside now-Sen. Elizabeth Warren and others as a member of the Congressional Oversight Panel for the Troubled Asset Reduction Program. His personal sector management contains service as President of TD Financial institution USA, Vice Chairman of PwC’s world monetary regulatory apply, and his present function as Head of Public Coverage at LendingClub. Earlier in his profession, Richard served as basic counsel of the worldwide equities division of Citibank and as an lawyer on the Workplace of the Comptroller of the Foreign money.
Robert Easton is a nationally identified determine in danger administration and compliance who additionally brings senior regulatory management expertise to Coinbase Custody. He spent almost 15 years in numerous management positions within the New York State monetary regulatory system, rising to the function of Govt Deputy Superintendent for the Insurance coverage Division on the New York Division of Monetary Providers. Rob presently serves as Deputy Basic Counsel and Chief Compliance Officer of Marsh LLC, the biggest working firm of Marsh & McLennan Corporations (MMC), a world skilled providers agency with enterprise in danger administration, insurance coverage and funding advising. On this function, Easton oversees the corporate’s world compliance packages and danger administration features. Previous to becoming a member of Marsh, Easton was Senior Vice President and Chief Compliance Officer at McGraw Hill Monetary, the place he was chargeable for company compliance throughout the corporate’s broad vary of credit standing providers, monetary devices and analytics merchandise.
Please be a part of us in welcoming Richard and Robert to our board. We sit up for benefiting from their steerage and data as we proceed on our journey to changing into the world’s most trusted and safe institutional-grade crypto custodian.