BitGo Appoints Jeff Horowitz as Chief Compliance Officer

Brings Extensive Experience Managing Integrated Compliance and Risk Programs

PALO ALTO, CA, January 13, 2021 – BitGo, the leader in digital asset financial services, today announced that Jeff Horowitz has been appointed Chief Compliance officer (CCO). Jeff will oversee BitGo’s Compliance and AML programs across the entire enterprise to meet the highest standards of compliance and regulatory requirements.

For the past two years, Jeff was the CCO for Coinbase, where he led the firm’s global compliance program, managed regulatory and bank partner relationships and helped to shape Crypto, AML and FATF regulation with both foreign and domestic regulators. Prior to joining Coinbase, Jeff spent over 12 years with Pershing in various leadership roles including as Managing Director and Global Head of Compliance; CCO, as well as the Firm’s Chief Anti-Money Laundering and OFAC Officer, responsible for the development and implementation of the firm’s Global AML Program.

BitGo recently reported an exceptional year of growth with $16B in assets under custody, as a result of accelerated interest by institutional investors seeking institutional-grade security and compliance, and a financial infrastructure for custody, trading and lending of their digital assets. Jeff’s leadership will contribute to BitGo’s mission to build the world’s most secure and trusted global financial services system for digital assets.

“Jeff brings an extraordinary level of experience and insight that is vital to BitGo’s future growth, helping us gain even greater traction into new markets, expand our product offerings and strengthen our compliance and risk framework.” said Mike Belshe, CEO, BitGo. “As we move into the new year, we will see greater regulatory clarity for digital assets both here and abroad. Jeff’s knowledge of both traditional financial services and crypto markets will be critically important as we navigate state, federal, and international policies and regulations.”

Jeff was also a past co-chair of the Securities Industry and Financial Markets Association (SIFMA) Anti-Money Laundering Committee, member of FINRA’s Large Firm Advisory Committee and the U.S Treasury’s Bank Secrecy Act Advisory Group (BSAAG), representing both the Securities and Crypto industries as well as an active participant in FATF’s private sector consultative initiatives.

Prior to joining Pershing, Jeff held leadership roles for compliance and AML programs for Citigroup, Goldman Sachs and Salomon Brothers. He began his career as a regulator with theFederal Deposit Insurance Corporation (FDIC) in the Division of Resolutions. He earned a Bachelor of Science degree in Economics from Trenton State College and holds the FINRA Series 7, 14, and 24 registrations.

About BitGo

BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions. In 2020, BitGo launched Prime Trading and Lending, as well as BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes over 20% of all global Bitcoin transactions, and supports over 300 coins and tokens. BitGo’s customer base includes the world's largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.

Disclaimer

The information in this press release is not an offer to sell or solicitation of an offer to buy an interest in any investment or for the provision of any investment management or advisory services. Custody services are offered through BitGo Trust Company, a South Dakota chartered trust company. BitGo is not registered with the SEC as an investment advisor or custodian, and does not offer legal, tax, investment, or other advice. Please consult your legal/tax/investment professional for questions about your specific circumstances.

BitGo Trust Company, BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA.

Contact

At BitGo:
Michelle Marin
press@bitgo.com

Institutional digital asset custody, trading, and finance.
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No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless.

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