Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role
Hammond will advise the company on its global expansion efforts.
Updated May 11, 2023 at 7:06 p.m. UTC
Former U.K. Chancellor Philip Hammond has joined crypto infrastructure provider Copper as a senior adviser.
- Now a member of the House of Lords, the former chancellor will provide strategic advice to the company on its global expansion efforts, Copper announced Monday.
- Hammond served under Prime Ministers David Cameron and Theresa May from 2010 to 2019, including three years as chancellor and two as foreign secretary.
- Copper, which says it has more than 400 institutional clients, raised $25 million in a funding round that was led by hedge fund manager Alan Howard in June, supplementing the $50 million Series B funding round of a month earlier that was co-led by Dawn Capital and Target Global.