CoinShares Picks Its US Reporting Architect As CFO

AI summary of the source article

CoinShares has named Matt Morris as Chief Financial Officer, succeeding Richard Nash, who transitions into the CEO Office after serving as finance chief since 2019. Morris previously advised CoinShares on its US listing and conversion to US GAAP as a managing director at Centri Business Consulting before becoming deputy CFO. The appointment follows CoinShares' listing on Nasdaq through a $1.2 billion SPAC deal, bringing strict SEC, PCAOB, and internal control requirements. In his new role, Morris will oversee financial planning, controls, filings, treasury, capital management, and investor communications, with his first major test arriving during the third-quarter reporting call in November.

Why it matters

The appointment formalizes CoinShares' shift to US public reporting and regulatory standards following its Nasdaq listing, ensuring institutional compliance across both European and US investor bases.

Key facts

• Matt Morris has been appointed CFO of CoinShares, while predecessor Richard Nash moves into the CEO Office.
• CoinShares began trading on Nasdaq following a $1.2 billion SPAC transaction.
• CoinShares previously reported $7.4 billion in assets under management and $165.7 million in revenue.