Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role

Hammond will advise the company on its global expansion efforts.

Oct 11, 2021 at 10:08 a.m. UTC
Updated Oct 11, 2021 at 1:29 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.

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Jamie Crawley is a CoinDesk news reporter based in London.