Copper Technologies Ltd., a crypto custodian company based in London, has announced the appointment of Amar Kuchinad as its new CEO. Kuchinad, who previously worked as a managing director at Goldman Sachs Group Inc., will be taking over from Dmitry Tokarev. Tokarev, the founder of Copper in 2018, will now serve as the founder director on the company’s board, which is chaired by former UK finance minister Philip Hammond.
The decision to bring in Kuchinad as the new CEO signals Copper’s strategic shift towards targeting more traditional financial institutions as clients and expanding its presence in the US market. With Kuchinad’s background in traditional finance and extensive experience in the industry, Copper is looking to leverage his expertise to drive growth and establish itself as a key player in the crypto custodian space.
Kuchinad’s appointment comes at a crucial time for Copper as the company seeks to capitalize on the growing demand for crypto custody services among institutional investors. By pivoting its strategy and focusing on building relationships with traditional financial firms, Copper aims to position itself as a trusted partner for institutions looking to navigate the complex world of digital assets.
In addition to his role as CEO, Kuchinad will be responsible for leading Copper’s expansion efforts in the US market. With the increasing regulatory scrutiny surrounding crypto assets in the US, having a strong presence in the market is essential for Copper to build credibility and establish trust with potential clients.
Under Kuchinad’s leadership, Copper is expected to explore new opportunities for growth and innovation in the crypto custodian space. By combining the company’s cutting-edge technology solutions with Kuchinad’s strategic vision and industry knowledge, Copper is well-positioned to drive value for its clients and stakeholders.
Overall, Amar Kuchinad’s appointment as CEO marks an exciting new chapter for Copper Technologies Ltd. With a renewed focus on attracting traditional financial clients and expanding into the US market, Copper is poised for growth and success in the rapidly evolving world of digital assets.