BitGo has plucked a finance vet out of retirement to lead institutional custody
Crypto custody provider BitGo has brought on Richard Corcoran, a veteran of the financial services world, to lead the firm's institutional business, the firm announced Thursday. BitGo safeguards crypto for hedge funds and mutual fund clients. Corcoran retired from First National Bank in Sioux Falls South Dakota in 2016 after 25 years. He was charged with leading its trust business. “I understand the regulatory requirements and how to comply with those standards and maintain compliance as we serve customers,” Corcoran told CoinDesk. He said the first big-ticket clients are in the process of being onboarded. (CoinDesk)
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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].
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