Coinbase Expands its Regulatory Compliance Team with Two New Hires While on a Hunt for a Diversity Executive
San Francisco-based cryptocurrency exchange Coinbase has made two new additions to its growing legal and compliance team. The company hired Milana McCullagh as Vice President, Deputy General Counsel for Product and Commercial, and Katherine Minarik as Vice President, Deputy General Counsel for Litigation.
Both the new hires will help drive Coinbase’s momentum to ensure its internal and external operations remain regulatory compliant.
While Milana spent over a decade at Google supporting the tech giant’s some of the most notable products, Katherine previously has been with Dyson, Cleverbridge, and over a decade at Bartlit Beck Herman Palenchar & Scott law firm. Paul Grewal, Coinbase’s Chief Legal Officer, wrote,
“One of our key priorities at Coinbase is to be trusted as we create an open financial system for the world.”
A Hiring Spree
Coinbase is currently hiring for many roles, 182 to be exact, across different departments, including security & privacy, legal & compliance, international expansion, data, and engineering. The exchange is also hiring a Director for the position of Belonging Inclusion & Diversity. The job description reads,
“This individual will be responsible for owning, executing, and advancing our newly refreshed BID Strategy, which rests on the vision that every employee feels they belong and can succeed.”
This remote job for the USA follows its CEO Brian Armstrong’s apolitical mission statement, for which, while he received support, he also got a public backlash.
This led 5%, about 60 of its employees, to accept a company's severance package to employees that aren’t comfortable with Armstrong's position.
The previous head of belonging, inclusion, and employee experience, Tariq Meyers, left over the summer for unclear reasons. Meyers was one of Coinbase’s senior Black employees. Before Armstrong made his political mission public, there have been reportedly a walkout of an employee because of an internal Ask-me-Anything session about Black Lives Matter.
Now, for the new head of BID, the person is required to take a data-driven approach to get “an understanding of BID’s impact on culture and the Coinbase experience” and then “leverage” all the new and existing data to attract and select talent & further grow and retain it.