Crypto Exchanges

Former Coinbase Compliance Head Starts His Own Regulatory Advisory Firm

Mark KellyMark Kelly, former head of compliance at Coinbase UK a leading cryptocurrency exchange firm has resigned from the firm to move on with new business ventures. As per various reports online and information in his LinkedIn profile, Mr. Kelly has stepped down from his role at the digital currency exchange to start his own business – a consulting business focused on regulatory services.

His new business venture is named Regulatory Advice Limited and capitalises on Mr. Kelly’s multi decade long career history across a wide array of financial service providers ranging from banks and investment firms to cryptocurrency trading service providers. His resume boasts of an impressive career record which spans thirty years during which he has climbed up the corporate ladder from bottom level role to senior-level management roles across several industry-leading financial service providers. 

However, it should be noted that the majority of his career was focused on the London financial market making him an expert in the UK/European financial market region. His new business was founded earlier this year in the month of October and is said to provide advisory service to individuals/firms seeking support in understanding the regulatory landscape for crypto assets in the UK market. Mr. Kelly will also help firms that require compliance with MiFIR & EMIR reporting regimes by providing practical and targeted advice as per the report from new website Finance Magnates.

His most recent role prior to starting up his business venture was a short stint as Head of Compliance at Coinbase’s UK office for nearly 10 months. Prior to his term at Coinbase, he served as Director at Abide Financial for nearly five years during which he oversaw the firm’s consulting and support services or clients who were subject to MiFIR & EMIR reporting regimes and also helped in sourcing experienced professionals to advise on other regulatory compliance regimes such as AML & Client Assets. 

He has also served as Director at Transaction reporting Limited during which he assisted the firm’s clients with meeting their obligations under the FSA’s transaction reporting rules. His other notable roles include – Technology Risk Consultant at Grant Thornton, Consultant at Resources Global Professionals, Audit Manager at Lehman Brothers, Global Head of IT Audit at Barclays Capital, Audit Manager at Salomon Brothers International & Citi Group and Senior Consultant at Price Waterhouse Coopers one of the big four global auditing firms.

Commenting on his new business, Mr. Kelly said, “The take-up of advisory services in the month since starting the new business has shown the level of demand for micro consulting in these specialist areas. By micro consulting I mean the delivery of precise and actionable guidance at the moment it is needed, without the inefficiency and expense of a large traditional consulting assignment. Clients have been quick to subscribe to an on-call service for ad hoc advice by telephone and email”.