BCB Group’s Chief Compliance Officer to Exit in Latest Senior Management Departure

• BCB Group’s chief compliance officer is leaving the business.
• Her resignation is the latest in a series of senior management departures at the crypto payments firm.

BCB Group, the London-based crypto payments firm, is about to suffer its fifth C-suite departure in 18 months with the loss of its chief compliance officer, Natasha Powell.

“I am stepping away from the day to day running of the business,” Powell said in an email, who declined to identify her new position saying simply that it wasn’t a competitor. Kym Routledge will head up the compliance function following her departure.

“Natasha has been instrumental in driving the creation of BCB Group’s first class compliance programme that now forms the bedrock of our regulated businesses,” CEO Oliver Tonkin said in an emailed statement. “Whilst I am sad to see her leave us, I am delighted to be able to announce she will be continuing to support BCB as a non-executive director of BCB Payments.”

Powell’s departure follows that of the company’s former CEO, Oliver von Landsberg-Sadie, who left the firm in November to pursue new opportunities. His exit came just five months after Deputy CEO Noah Sharp left following the failed acquisition of Germany’s Sutor Bank. The chief banking officer, Ian Moore, quit the payments firm in September last year, and Lux Thiagarajah, BCB’s former chief revenue officer, joined crypto prime broker FalconX in May as head of commercial FX.

The payments processor recently received a takeover approach from an unidentified investor, CoinDesk revealed last week. The buyout interest was initiated by the potential acquirer while BCB was exploring a Series B funding round, according to people familiar with the matter.

Read more: Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France

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