- The exchange has hired Michael Schroeder as its new director of controls for Germany and Cormac Dinan as the country director for Ireland.
- Coinbase plans to roll out new products and expand its customer base in the EMEA region.
- It also wants to cooperate with policymakers and regulators across Europe.
Coinbase has made four new appointments to its leadership team in Europe as it expands its operations in the region, according to a Bloomberg report.
The exchange has hired Michael Schroeder as its new director of controls for Germany and Cormac Dinan as the country director for Ireland. With 25 years of broad-ranging, international, managerial and commercial responsibility within Risk, Compliance, Operations and Finance for leading financial institutions and crypto firms, Schroeder was most recently the chief compliance & risk officer at Bittrex.
Schroeder began his career in finance at German financial institution Commerzbank AG in 1995, working his way up from a bank clerk to the head of credit risk management & operations over his 16-year tenure at the company. He later spent four years at State Street where he led and managed the firm’s EMEA credit and market risk followed by a role as Triodos Bank’s chief risk & compliance officer and Sumitomo Mitsui Banking Corporation’s chief risk & operating officer.
With over 20 years of experience in investment management, digital assets and consulting including alternatives and mutual funds and crypto, Dinan joined Coinbase from Crypto.com, where he was the exchange’s general manager for Ireland.
His responsibilities at the exchange included governance, formulating overall strategy, managing the team and establishing local policies. Like Schroeder, Dinan was also previously from State Street and has worked at traditional financial institutions including Citi as its head of EMEA client implementations Ireland for securities and fund services. He also spent seven years at Deloitte where he established and managed Deloitte’s investment management consulting business in Ireland.
Along with the two new leadership hires, Coinbase has also promoted Elke Karskens and Patrick Elyas to director for the U.K. and director of Europe, Middle East and Africa (EMEA) market expansion respectively.
Karskens was previously the firm’s senior director of marketing. She previously held various marketing roles during her 11-year tenure at Facebook. Elyas has been with Coinbase for eight months. Prior to that, he was Snap’s head of strategy and operations for international expansion. He was formerly the VP of insights at Coatue Management and a business analyst at McKinsey & Company.
These new hires and promotions come as Coinbase plans to roll out new products and expand its customer base in the EMEA region as well as cooperate with policymakers and regulators across Europe. The firm recently hired Daniel Seifert, the former chief operating officer of German fintech company, Solarisbank AG, to lead expansion in the EMEA region.
Like many Web3 firms, Coinbase has suffered from the crypto winter as it announced plans to cut 1100 employees in June. Following the FTX fallout, crypto holders have been withdrawing their coins from exchanges. In the past four days, $3.5 billion worth of Bitcoin was withdrawn from Coinbase, according to Glassnode.
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