BCB Group’s Chief Compliance Officer to Depart as Senior Management Changes Continue
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The chief compliance officer of BCB Group, a London-based crypto payments firm, is set to leave the company.
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This resignation adds to a string of senior management departures at the firm.
BCB Group is poised to see its fifth C-suite departure in 18 months, with its chief compliance officer, Natasha Powell, stepping down.
“I am stepping away from the day-to-day operations of the business,” said Powell in an email. She declined to reveal her new position, only stating that it is not a competitor. Kym Routledge will assume the responsibility of overseeing the compliance function after Powell’s departure.
CEO Oliver Tonkin praised Powell’s role in establishing BCB Group’s compliance program, which now forms the foundation of its regulated businesses. While he expressed sadness over her departure, he announced that she will continue to support the company as a non-executive director of BCB Payments.
Powell’s departure follows the exit of former CEO Oliver von Landsberg-Sadie in November, who left the firm to pursue other opportunities. Just five months prior to that, Deputy CEO Noah Sharp left following the failed acquisition of Germany’s Sutor Bank. Ian Moore, the chief banking officer, departed in September of last year, and Lux Thiagarajah, the former chief revenue officer, joined crypto prime broker FalconX in May as the head of commercial FX.
Last week, BCB Group received a takeover proposal from an undisclosed investor, as reported by CoinDesk. The interest in a buyout emerged while the company was exploring a Series B funding round.
Read more: Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France