Protego Trust Beefs Up Board by Adding Brian Brooks and Michael Carpenter

The new appointments deepen the digital bank’s expertise in digital assets, regulatory compliance and bank operations as it hopes to become a federally chartered national bank.

AccessTimeIconFeb 15, 2022 at 8:35 p.m. UTC
Updated May 11, 2023 at 4:03 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Protego Trust, one of three crypto firms to receive a provisional bank charter from the Office of the Comptroller of the Currency (OCC), has appointed former acting controller of the OCC and current Bitfury CEO Brian Brooks and former Ally Financial CEO Michael Carpenter to its board of directors.

  • The two appointments deepen “the board's expertise in digital assets, regulatory compliance and bank operations as the bank nears the conclusion of the conversion process to a federally chartered national bank,” Protego said in a press release.
  • The OCC granted Protego Trust a conditional federal charter in 2021 allowing Protego to custody digital assets.
  • Brooks is currently the CEO of mining firm Bitfury Group and was previously the head of Binance’s U.S. division for a period of just four months. He served as acting U.S. Comptroller of the Currency from May 2020 until January 2021; before that he was chief legal officer for crypto exchange Coinbase.
  • Carpenter previously led digital bank Ally Financial for six years through its initial public offering in 2014. He is currently on the board of CIT Group and CIT Bank N.A., which were recently acquired by First Citizens Bank, creating a bank with more than $100 billion in assets.
  • Protego’s five other independent board members include retired Rear Admiral Danelle Barrett; Brian Golob, the former CEO of Russell Capital; Windham Capital Management President and CEO Mark Kritzman; David Straus, founder of Seattle’s Fortune Bank; and Jamie Selway, former head of institutional markets at Blockchain.
  • The board is chaired by Colette Taylor, the former CEO and chair of Russell Investment Trust Company.
  • Why Worldcoin Is Launching a Layer 2
    20:07
    Why Worldcoin Is Launching a Layer 2
  • Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
    02:17
    Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
  • Base Monthly Active Addresses Increased by 160% in March: Nansen
    00:50
    Base Monthly Active Addresses Increased by 160% in March: Nansen
  • Bitcoin Halving: We Answer Your Questions
    04:16
    Bitcoin Halving: We Answer Your Questions
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Sage D. Young

    Sage D. Young was a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about