Silvergate Announces Addition of Benjamin Richman as Director of Digital Currency
January 21 2020 - 3:10PM
Business Wire
Silvergate Capital Corporation (NYSE:SI) (“Silvergate” or the
“Company”), the leading provider of innovative financial
infrastructure solutions to the digital currency industry,
announced today that it has added Benjamin Richman to its team as
senior vice president, director of digital currency. In this newly
created position, Benjamin will lead the team that is responsible
for continuing to grow the Company’s business by implementing
business development initiatives, overseeing key client
relationships, and managing market, portfolio and operational
risks.
Prior to Silvergate, Benjamin spent the past three years at
Blockstream, a global leader in Bitcoin and blockchain
technologies, where he was the director of business development and
partnerships and was responsible for the growth of Blockstream’s
Liquid network, an inter-exchange network based on Bitcoin. In
addition, Benjamin spent six years at Booz Allen, and is a graduate
of Duke University Fuqua School of Business and Elliott School of
International Affairs.
Kate Fraher, chief operating officer of Silvergate, stated that,
“We are dedicated to providing great customer experiences and
excited to welcome Benjamin to our team. His deep understanding of
the digital currency industry and the digital currency
infrastructure solutions we are building will be a tremendous
asset.”
Ben Reynolds, executive vice president of corporate development
at Silvergate added, “We’re excited about the new products and
innovative financial infrastructure solutions we’re developing to
assist both investors and exchanges in the digital currency
industry, and the business development experience that Benjamin
gained at Blockstream will be important to our success.”
Forward-Looking Statements
Statements in this press release may constitute forward-looking
statements within the meaning of the Securities Exchange Act of
1934, as amended. Statements relating to future events or our
future performance or financial condition are not facts, but are
based on current expectations, estimates and assumptions by
management. These statements are not representations regarding or
guaranties of future performance, condition or results and involve
various risks and uncertainties. Actual results and conditions may
differ materially from those in the forward-looking statements as a
result of many factors. For information about other important
factors that could cause actual results to differ materially from
those discussed in the forward-looking statements contained in this
release, please refer to the Company's public reports filed with
the U.S. Securities and Exchange Commission. The Company undertakes
no obligation to update any forward-looking statement to reflect
events or circumstances that arise after the date such statements
are made.
About Silvergate
Silvergate Capital Corporation (NYSE: SI) is a registered bank
holding company for Silvergate Bank, headquartered in La Jolla,
California. Silvergate Bank is a commercial bank that opened in
1988, has been profitable for 22 consecutive years, and has focused
its strategy on creating the banking platform for innovators,
especially in the digital currency industry, and developing product
and service solutions addressing the needs of entrepreneurs. As of
September 30, 2019, Silvergate had total assets of $2.1 billion,
total deposits of $1.8 billion, and total stockholders’ equity of
$230.6 million.
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version on businesswire.com: https://www.businesswire.com/news/home/20200121006018/en/
Investor Relations / Media Contact Jamie Lillis / Shannon
Devine (858) 200-3782 investors@silvergate.com
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