Charles Schwab Board Member Chris Dodds Joins Coinbase’s Board of Directors
Coinbase made a splash earlier today by announcing that Chris Dodds, who serves on the Board of Directors of Charles Schwab, is joining the Coinbase Board of Directors.
In a blog post announcing the news, Coinbase co-founder and CFO Brian Armstrong enthused about Chris’s “world-class leadership skills, deep knowledge of the financial services industry, and significant financial and accounting experience,” saying that he “will be an asset to the Coinbase leadership team as we focus on scaling our business.”
The Charles Schwab Corporation as founded in 1971, growing to become one of the largest banks and brokerage firms in the United States. The San Francisco-headquartered company operates an electronic trading platform and other banking services to clients. As of 2017, Charles Schwab had $3.362 trillion in assets under management and 10.755 million active client brokerage accounts.
Dodds joined Schwab in 1986, launching a 21-year career with the company. Dodds held a number of financial positions across the company, including in treasury, corporate development, financial planning, and financial analysis. Dodds was the Chief Financial Officer of Charles Schwab from 1999 until 2007, when he transitioned to serving as a Director of Schwab Bank. He joined the board of The Charles Schwab Corporation in 2014, where he continues to serve as Chairman of the Risk Committee.
In 2008, Dodds accepted a position as senior advisor for the financial services division at The Carlyle Group, a private equity firm. After a decade, he transitioned to another private equity firm called The Cynosure Group, where he currently serves as a senior advisor.
“His addition to the Coinbase board is part of our effort to expand our financial services capabilities as we head into this next champter for the company and the cryptocurrency as a whole,” explains Armstrong in the blog post announcing the news.
Coinbase Continues Adding Experience To Its Team
Coinbase made another big corporate announcement earlier today, announcing that former Instinet CEO Jonathan Kellner would serve as the new managing director of Coinbase’s Institutional Coverage Group.
This news also comes just one day after Coinbase hired former JP Morgan executive director Oputa Ezediaro to its Institutional Coverage Group.
Clearly, Coinbase is serious about adding experience to its board while expanding its institutional offerings. The San Francisco-based giant continues to be one of the largest and most reputable names in the crypto exchange space.