The Charles Schwab Corporation is a brokerage , banking and financial advisory services firm based in San Francisco. Per the company’s annual report, the company had $3.36 trillion in client assets, 10.8 million active brokerage accounts, 1.6 million corporate retirement plan participants, and 1.2 million banking accounts, as of December 2017.
In addition to the Coinbase board, Dodds will reportedly contribute to the exchange’s expansion in terms of financial services capabilities.
According to the announcement, during 21 years of working experience Dodds has held various leading financial positions in treasury, corporate development, and financial planning and analysis. His service record reportedly includes employment at such organizations as Corporate Finance and Mergers and Acquisitions, Schwab Bank, private equity firm The Carlyle Group, and others.
Last month, Coinbase hired on former Fannie Mae General Counsel Brian Brooks as their new Chief Legal Officer, who will be responsible for legal, compliance, and government affairs. Also in September, the exchange welcomed Former LinkedIn executive Michael Li as the VP of data.
In August, former Amazon Web Services (AWS) and Microsoft employee Tim Wagner joined Coinbase as VP of engineering, while in July the exchange announced that ex-Pershing exec Jeff Horowitz will join the company as Chief Compliance Officer.
Recently, Coinbase rolled out a new update called “Coinbase Bundles,” which is designed to simplify cryptocurrency trading. The product represents a basket of five cryptocurrencies supported on Coinbase — Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) — and purchased in proportion to their market capitalization in U.S. dollars.