Michael Lempres, the former chief legal executive at cryptocurrency exchange Coinbase (NASDAQ: COIN), has joined Silvergate Capital (NYSE: SI) as chairman.
- Lempres takes over from Dennis Frank, who has served as Silvergate’s chairman since November 1996, Silvergate said Tuesday.
- Prior to joining Silvergate, Lempres held the position of executive in residence at venture capital firm Andreessen Horowitz. He was the chief legal and risk officer of Coinbase and senior attorney at Silicon Valley Bank.
- Silvergate Capital also appointed Aanchal Gupta to its board of directors, and to the board of its Silvergate Bank subsidiary.
- Prior to joining Silvergate, Gupta managed security risks at companies including Microsoft, Facebook, and Yahoo.
- Gupta is the vice president of Azure, Microsoft’s cloud-computing platform, where she is responsible for security incident response and evolving cloud security products, Silvergate said.
Source: Coindesk
