George Osborne has been hired by Coinbase, a U.S. cryptocurrency exchange operator that is facing an intense legal battle with U.S. regulators.
The San Francisco-based company announced Wednesday that it has appointed the former British Prime Minister to its advisory board and will “lean on his insight and experience as we grow Coinbase around the world.”
Mr. Osborne’s appointment will be to the Securities and Exchange Commission (SEC). suing coinbase, accused it of acting as an intermediary in cryptocurrency transactions while circumventing disclosure requirements meant to protect investors. The company disputes this claim and is fighting it in court.
This is the latest in a series of high-paying jobs Mr Osborne has held since leaving government in 2016. At one point, Mr Osborne had nine jobs, ranging from newspaper editing and financial management to providing guidance and advice to the government on leveling the North of England.
Osborne left some of his work behind when he joined boutique investment banking advisor Robbie Warshaw as a partner in 2021. Mr Osborne last year collected part of his £28m remuneration for his work at the company. His salary at Coinbase has not been disclosed.
“There is a tremendous amount of exciting innovation happening in the financial industry right now,” Osborn said of his appointment to Coinbase. “Blockchain is transforming financial markets and online transactions. Coinbase is at the forefront of these developments. I look forward to working with the team as we build a new future for financial services.”
Faryar Shirzad, Chief Policy Officer at Coinbase, said: “We are delighted to welcome George to our Board at an exciting time for us both in the UK and globally.”
“George has extensive experience in business, journalism, and government. We look forward to relying on his insight and experience as we grow Coinbase around the world.”
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Osborne’s other current jobs include: Chairman of the Northern Powerhouse Partnership. Chair of the British Museum. “Distinguished Visiting Scholar” at the Hoover Institution. He is a visiting professor at Stanford University’s Graduate School of Business, where he teaches a course on decision making. He is chairman of Lingotto Investment Management, the $3 billion investment fund of Italy’s billionaire Agnelli family’s Exor Group, which owns large stakes in Juventus FC, The Economist and Ferrari.
Source: www.theguardian.com
