Financial Services In-House Vet Joins Blockchain Fintech Startup
Celsius Network announced late Monday that Ann LaCarrubba will serve as the company's general counsel and chief compliance officer.
October 16, 2018 at 11:28 AM
2 minute read
Ann LaCarrubba, who has 20 years of legal experience at several financial institutions, is venturing into the crypto in-house world.
Celsius Network announced late Monday that LaCarrubba will serve as the blockchain-based fintech startup's general counsel and chief compliance officer. It was not immediately clear whether LaCarrubba is the company's first-ever GC.
According to her LinkedIn profile, LaCarrubba's experience includes high-ranking in-house stints at several financial services outfits: Hudson United Bancorp, Banco Popular North America, Investors Bancorp, American Express Co. and The Blackstone Group. Since July 2017, she served as director for legal, compliance and governance at global compliance tech company Merlon Intelligence.
LaCarrubba could not immediately be reached for comment, but in a statement announcing her appointment, she said she decided to join Celsius only after “extensive due diligence” on the company and meeting its team.
“The space is fascinating to me from a regulatory standpoint,” she said. “It is exciting to be part of a new frontier in both tech and finance. Being able to utilize my skills and be a part of this movement is an incredible opportunity for me.”
Celsius is a membership-based peer-to-peer platform in which users can borrow money using their cryptocurrency as collateral and receive interest on the crypto they loan out through the platform. Last September, the co-inventor of blockchain, W. Scott Stornetta, joined the team led by CEO Alex Mashinsky that aims to bring 100 million people to crypto, according to an online bitcoin publication.
Hiring LaCarrubba, with her two decades of experience at traditional Fortune 100 companies, elevates Celsius to the forefront of the blockchain industry, Mashinsky said in the statement.
“Ann is an incredible addition to our team,” he said. “From our inception, we have been focused on staying compliant because we believe that for the blockchain industry to go mainstream, staying compliant must be part of the solution.”
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