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Former Coinbase Legal Exec Lempres Joins Silvergate Capital as Chairman

Lempres takes over from Dennis Frank, who had served as chairman since 1996.

Updated Jun 30, 2023, 11:56 a.m. Published Jun 15, 2021, 1:44 p.m.

Michael Lempres, the former chief legal executive at cryptocurrency exchange Coinbase (NASDAQ: COIN), has joined Silvergate Capital (NYSE: SI) as chairman.

Lempres takes over from Dennis Frank, who had served as Silvergate’s chairman since 1996, the lender said Tuesday.
Prior to joining Silvergate, Lempres held the position of executive in residence at venture capital firm Andreessen Horowitz. He was the chief legal and risk officer of Coinbase and senior attorney at Silicon Valley Bank.
Silvergate Capital also appointed Aanchal Gupta to its board of directors and to the board of its Silvergate Bank subsidiary.
Gupta has managed security risks at several companies, including Microsoft, Facebook and Yahoo.
Gupta is now vice president of Azure, Microsoft’s cloud-computing platform, where she is in charge of responses to security incidents and building cloud security products, Silvergate said.

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Executive Appointments Bank Silvergate Coinbase

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.