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:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QEE7IGVNVFFGBLMGLHOLGCGFOQ.jpg)
Philip Hammond, former U.K. chancellor of the Exchequer, speaks during a panel discussion at the Bloomberg New Economy Forum in Beijing, China, on Friday, Nov. 22, 2019. The New Economy Forum, organized by Bloomberg Media Group, a division of Bloomberg LP, aims to bring together leaders from public and private sectors to find solutions to the world's greatest challenges. Photographer: Takaaki Iwabu/Bloomberg via Getty Images
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.
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