Gemini Recruits New CCO Amidst Battle for ETF Approval

Photo: Bloomberg

Winklevoss brothers-backed Gemini has appointed Noah Perlman as its chief compliance officer (CCO), the company announced on Wednesday.

Perlman, who will join Gemini from Morgan Stanley, will be responsible for leading the crypto company’s compliance program including its anti-money laundering (AML) and market surveillance initiatives.

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Commenting on the new appointment, Tyler Winklevoss, CEO of the crypto exchange and custodian platform, said: “Gemini’s philosophy of asking for permission, not forgiveness, is a first in the crypto industry. Compliance is one of Gemini’s four pillars along with Product, Licensing, and Security. Noah has deep compliance expertise and we are excited for him to continue to build on Gemini’s compliance-first tradition.”

An industry veteran to take care of compliance needs

At Morgan Stanley, Perlman was the global head of financial crimes and led a group of over 350 staff. The crypto company is looking to leverage his experience in the areas like legal and compliance for governance, oversight, and execution of AML rules, sanctions, anti-boycott, anti-corruption, and government and political activities programs.

Prior to his 13-year tenure at the global investment bank, Perlman served as the division counsel for the United States Drug Enforcement Administration (DEA) New York Division and an Assistant United States Attorney (AUSA) for the Eastern District of New York, where he took up many supervisory posts including special coordinator for crimes against children and deputy chief of the narcotics section.

This appointment came weeks after the New York-based crypto company made another major appointment for the position of the chief security officer.

Meanwhile, after establishing itself in the United States, the company is now focused on extending its reach in the international markets. Last month, it introduced crypto trading services on its platform for the Australia-based customers, making it the company’s sixth foreign market beyond the US.