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Copper.co appoints Amar Kuchinad as its new Global CEO

EMEA14 October 2024Copper
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Dmitry Tokarev to continue as Founder Director on Copper.co’s Board.

  • Kuchinad appointed to drive Copper.co’s global growth strategy, focusing on strengthening its US presence and its wider position across global financial centres
  • Dmitry Tokarev continues as the Board’s Founder Director, having stepped back from executive responsibilities
  • Kuchinad’s proven track record will advance Copper.co’s mission to build the institutional standard for digital assets

Monday, 14th October 2024 - Copper.co (β€œCopper”), a leader in digital asset custody, collateral management and prime services, has today appointed Amar Kuchinad as its new Global CEO.

Kuchinad will lead Copper’s global growth strategy, driving its institutional-first approach to accelerate expansion across core markets. Strengthening Copper’s US presence whilst building on recent regulatory milestones in Hong Kong and Abu Dhabi will be central to this approach.

Kuchinad takes over from Copper’s founder Dmitry Tokarev, who has stepped back from his role as CEO after seven years. Tokarev will remain closely involved in Copper’s future, both as the Board’s Founder Director and as a strategic shareholder.

Having launched his career at Credit Suisse, Kuchinad became a Managing Director at Goldman Sachs where he was Head of US Portfolio Credit Trading. He then served as a Senior Policy Advisor to the U.S. Securities & Exchange Commission before founding Electronifie to enhance bond trading through systemic and digital innovation.

As the driving force behind Electronifie’s SEC-registered alternative trading platform, Kuchinad has proven experience combining capital efficiency and effective risk management. These credentials were recognised as highly relevant to Copper’s groundbreaking custody and trading solutions - Copper’s ClearLoop is the largest global network for off-exchange settlement of digital assets. Since the start of 2024, ClearLoop is processing a monthly average of 20 million trades with a notional value of $100bn.

Following the successful acquisition of Electronifie by fixed income trading platform Trumid in 2017, Kuchinad oversaw all aspects of Trumid’s strategic direction as Chief Strategy Officer, before spending over four years as a Senior Managing Director at investment manager Pretium.

Amar Kuchinad, Group CEO, Copper.co, said: β€œSince its inception, Copper has set the institutional standard for digital assets. This remarkable track record of innovation and growth is testament to Dmitry Tokarev’s years of visionary leadership, both as Founder and CEO. I look forward to working alongside Dmitry, the Board, and an outstanding global team to lead the next phase of Copper’s global growth.”

Dmitry Tokarev, Founder Director, Copper.co, added: β€œWe covered all bases to find the right candidate for this vitally important role and I know that that Amar is ideally placed to ensure Copper’s continued long-term success. As our Board’s Founder Director, I will continue to be closely involved as we embark on this pivotal new chapter and the next phase of our company’s evolution.”

Lord Hammond, Chairman, Copper.co, said: "I am delighted to welcome Amar to the CEO role at Copper. His skill sets and experience provide the perfect complement to Dmitry’s technical strengths as we deploy our industry-leading technology to support global financial institutions to trade and safeguard digital assets of all kinds. Dmitry will remain a key member of the Copper Board and I am confident that we now have the team in place to deliver the next stage of Copper’s global growth story."

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About Copper

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.

For more information, please visit: www.copper.co

LinkedIn: Copper.co

Twitter: @CopperHQ

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Copper: matthew.owen@portland-communications.com