Copper raids Bank of America for new prime talent

finextra.com:

Roberts will be joined by former BAML directors Adam Groom and Paul Barham, who most recently led relationship management and product development, respectively, for BAML’s prime platform in Emea. Supporting the senior team are Ben Carr and Ross Budgen, who add expertise in product development, account management and analytics.Founded in 2018, Copper provides a gateway into the crypto asset space for institutional investors by offering custody, trading, and settlement solutions across 450 crypto-assets and more than 45 exchanges.

The company's flagship product is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across multiple networks.Reporting to Boris Bohrer-Bilowitzki, chief revenue officer at Copper, the new hires will work on Copper’s prime infrastructure offering, which supports prime brokers that want to offer crypto trading to clientsMichael Roberts, Copper.co's newly annointed head of Prime, says: “I have watched Copper from afar for some years now and been continuously impressed at the speed and quality of the solutions they bring to market. Boris and the team understand the technology institutional investors want and need to pursue crypto strategies.