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Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role

Hammond will advise the company on its global expansion efforts.

By Jamie Crawley

Updated May 11, 2023, 7:06 p.m. Published Oct 11, 2021, 10:08 a.m.

Philip Hammond, former U.K. chancellor of the Exchequer, speaks during a panel discussion at the Bloomberg New Economy Forum in Beijing, China, on Friday, Nov. 22, 2019. The New Economy Forum, organized by Bloomberg Media Group, a division of Bloomberg LP, aims to bring together leaders from public and private sectors to find solutions to the world's greatest challenges. Photographer: Takaaki Iwabu/Bloomberg via Getty Images

Former U.K. Chancellor Philip Hammond has joined crypto infrastructure provider Copper as a senior adviser.

Now a member of the House of Lords, the former chancellor will provide strategic advice to the company on its global expansion efforts, Copper announced Monday.
Hammond served under Prime Ministers David Cameron and Theresa May from 2010 to 2019, including three years as chancellor and two as foreign secretary.
Copper, which says it has more than 400 institutional clients, raised $25 million in a funding round that was led by hedge fund manager Alan Howard in June, supplementing the $50 million Series B funding round of a month earlier that was co-led by Dawn Capital and Target Global.

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Jamie Crawley

Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.