Crypto Broker Sequant Capital Sets Erik Wilgenhof Plante As Chief Compliance Officerbr>
Cryptocurrency broker Sequant Capital has hired Erik Wilgenhof Plante as its new chief compliance officer. He brings more than 22 years experience in financial services, risk, and compliance to the job. He is tasked with improving regulatory compliance in the cryptocurrency sector.
Plante previously held senior roles in the banking sector, including DZ Privatbank, Commerzbank and ABN AMRO. His work in developing the UAE cryptocurrency framework has led to significant interest from global crypto asset players.
Previously, he has served as the chief compliance officer at Luno, itBit Pte. Ltd and Tramonex. Prior to that, he worked at PayPal as senior compliance manager, where he oversaw regulatory and operational compliance for Southeast Asia.
Plante is involved in several financial industry trade organisations including being a founding board member of the Singapore chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS), and a fellow of the International Compliance Association.
“Regulation will continue to play an integral part in the cryptocurrency sector,” said Plante. “It’s important in mitigating the risks associated with investing in cryptocurrency and is also a major part in making it a legitimate asset class. A lot of the regulation is already out there, but it’s a matter of applying that regulation to the sector and ensuring firms know what, when and how to prepare. At Sequant Capital I’m planning to build upon the company’s drive for regulation across the sector to bring trust and security to the cryptocurrency
“Demand for regulated, secure cryptocurrency trading is soaring among the high net worth and institutional clients that we deal with at Sequant Capital,” said George Zarya, CEO of Sequant Capital. “In order to effectively meet the needs of these investors, intermediaries have a responsibility to ensure they are secure, reliable and compliant. Erik is a highly experienced addition to our team and a vital part of our drive to campaign for effective regulation in the marketplace.”