Crypto Custodian Copper Appoints Former SEC Advisor Amar Kuchinad as New Global CEO

• Amar Kuchinad has been hired as Copper's new global CEO.
• He replaces Dmitry Tokarev who will continue as the board's founder director.

Cryptocurrency custody firm Copper has appointed Amar Kuchinad as its new global CEO, the company said in a press release on Monday.

Kuchinad will take over from Dmitry Tokarev, who is stepping down from the role of CEO after seven years, the company said. Last week, CoinDesk reported that Tokarev was planning to resign as CEO.

The new CEO will be responsible for leading the company's global growth strategy, with a focus on strengthening the firm's U.S. presence, Copper said.

Kuchinad was previously employed at investment banks Credit Suisse and Goldmans Sachs (GS). He also worked as a senior policy advisor to the Securities and Exchange Commission (SEC).

Copper secured a Trust or Company Service Provider (TCSP) license in Hong Kong in July , as part of its global expansion plans.