Cryptocurrency custodian Copper has appointed Tim Neill as chief risk officer, the company said in a statement on Monday.
He will report to Chief Operating Officer Sabrina Wilson, and his appointment begins effective immediately, the company said.
Neill joins Mastercard, where he was chief risk officer for the company’s new payment platforms division, and head of product and engineering risk, responsible for coverage of new payment platforms, digital banking and central bank digital currencies (CBDC).
A CBDC is a central bank digital currency that uses new payment technology, typically blockchain, to reduce costs and increase payment efficiency.
“We are thrilled to welcome Tim to the Copper team,” Wilson said in the statement. “Tim brings a wealth of experience managing enterprise risk within large-scale global financial services institutions. Prudential risk management is a key pillar of the Copper strategy and we look forward to working closely with him. Tim in his capacity as Chief Risk Officer.
Former British Chancellor Philip Hammond joined the company as a senior advisor last October.