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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
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.

Read more: 21Shares Taps Copper for Custody of Crypto ETPs

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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.

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Jamie Crawley