Anchorage Digital Bank Names Rachel Anderika as New Chief Risk Officer
Following a year where Anchorage Digital experienced a remarkable 175% growth in headcount, we’re pleased to announce a significant addition to Anchorage Digital Bank’s operations, Rachel Anderika, whose hire continues the momentum–in a very significant way–into 2022. Rachel’s hire is just the latest sign of what we’ve made clear since our founding: Anchorage will continue to build our risk and compliance program to meet the high bar set by the OCC as we grow.
As Anchorage Digital Bank’s first-ever Chief Risk Officer, Rachel will lead an already-robust team to ensure that our institutional clients are met with industry-leading standards. In a rapidly-evolving tech and regulatory landscape, she will spearhead risk mitigation against new and emerging challenges that may face our business, our clients, and the digital asset class as a whole.
“Anchorage is a pioneer in regulated digital asset banking, blazing an uncharted trail that others will follow. To me, this is about more than joining an exciting company; it’s about helping establish precedent in a space that has potential to reshape the global financial system as we know it. There’s no better place in the world than Anchorage to do so.”
-Rachel Anderika, Anchorage Digital Bank Chief Risk Officer
Coming on board almost one year to the day since Anchorage was granted our conditional banking charter by the OCC, Rachel brings with her nearly a decade of professional experience within the same regulatory agency, where she served as National Bank Examiner (and later, Large Bank Examiner). In those roles, she worked to ensure that national banks operated safely and soundly, while complying with applicable laws and regulations.
Rachel then served eight years in the private sector at Promontory Financial Group, a premier bank regulatory consulting firm, later purchased by IBM. There Rachel worked with numerous large and complex traditional financial institutions on risk management and compliance strategy. During her time, she also witnessed the explosive growth in the digital asset ecosystem which led her to work with large financial institutions on their crypto roadmaps.
Rachel helped found Promontory’s Digital Assets Risk and Compliance Team, where she guided digital assets custodians through the state and federal regulatory licensing process while implementing key risk and compliance programs to meet regulatory expectations and worked with banks in understanding risk and compliance needs underpinning their crypto strategies. Additionally, she helped develop the first-ever crypto-specific bank supervisory guidance with the Wyoming Division of Banking which instilled her with a depth of first-hand crypto-regulatory insight.
Rachel’s unique blend of regulatory and digital asset experience, paired with her leadership at some of the biggest names in traditional banking as well as fintechs, made her an ideal fit to serve as Anchorage Digital Bank’s first Chief Risk Officer. Rachel is currently onboard as an advisor as she completes the regulatory review process.
Anchorage Digital provides the technical expertise and security institutions need and meets their regulatory requirements as a partner. If your institution is interested in adding crypto services, please get in touch with us.
About Anchorage Digital
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.