Copper Taps Mastercard’s Tim Neill as Chief Risk Officer

Crypto custodian Copper has announced the appointment of Tim Neill as its Chief Risk Officer.

Similarly, Tim confirmed the news by updating his LinkedIn profile with his new position at Previously Tim worked at the financial service firm Mastercard as the Chief Risk Officer specifically under its Real-Time Payments & Applications department. 

According to the announcement, Tim has amassed over “20 years experience in operations and risk, with a focus on payments, open banking, financial services, and technology, latterly at Mastercard where he was Chief Risk Officer for their new payments platforms division and Head of Risk for product and engineering, covering new payments platforms, digital banking, and CBDCs.”

In the past, Tim Neill held a place as a board member of Vocalink Ltd UK, a position that was approved by the Bank of England. He also served as a Board Trustee at Voca Pensions Ltd UK. 

Before his time at Mastercard, Tim had worked with several other financial companies holding senior risk and operations positions. He held key executive positions at London Stock Exchange Group, Standard Chartered Bank, and Deutsche Bank.

Tim Niell to Report Directly to Copper’s CIO

Taking effect immediately, Tim will report directly to Copper’s Chief Operating Officer Sabrina Wilson. Sabrina expressed excitement about hiring Tim with his wealth of experience, especially in the field of risk management. 

“We are excited to welcome Tim to the Copper team. Tim brings a wealth of experience in managing enterprise risk within large-scale global Financial Services institutions. Prudential risk management is an essential pillar of Copper strategy and we look forward to working closely with Tim in his Chief Risk Officer capacity.” Sabrina said.

Likewise, Tim was thrilled and appreciated the high industry standards which have been put in place by in terms of the safety and security of the crypto ecosystem. 

He attested that the crypto space is at a critical time with regards to risk compliance, noting that he “look forward to applying my digital finance security management experience at Copper to help ensure institutional investors and asset managers can continue to transact and store cryptocurrencies transparently and securely.”

Meanwhile, Copper recently announced its plans to employ the Solana (SOL) blockchain to provide decentralized finance (DeFi) service to institutional investors. Upon agreement, its customers can connect with decentralized applications (DApps) as well as perform transactions safely on the Solana blockchain.