Prime Trust Hires Former Secret Service Veteran as VP of Regulatory Affairs - Blockchain.News

Prime Trust Hires Former Secret Service Veteran as VP of Regulatory Affairs

The two-decade government service veteran, Jeremy Sheridan will be responsible for overseeing Prime Trust's regulatory strategies.

  • Apr 13, 2022 08:20
Prime Trust Hires Former Secret Service Veteran as VP of Regulatory Affairs

Prime Trust, a Les Vegas-based technology-driven trust company that provides financial infrastructure for fintech and digital asset firms, announced Tuesday that it has appointed Jeremy Sheridan, the former Assistant Director of Investigations at the Secret Service of U.S., as the company’s Vice President of Regulatory Affairs. - 2022-04-13T161527.672.jpg

Sheridan joins an extensive team of Prime Trust government and regulatory experts from several governmental bodies like the Secret Service and other law enforcement agencies, SEC, OCC, Federal Reserve, and U.S. Treasury.

In his new role, Sheridan will be tasked with overseeing Prime Trust's regulatory strategies, engaging with Federal and State agencies, as well as being a regulatory thought leader for the fintech and cryptocurrency industries.

Sheridan has over 20 years of work experience in law enforcement and leadership in investigations for the United States Secret Service under the Department of Homeland Security.

Sheridan started his career in 1997 as a special agent in the Tucson, AZ, Resident Office. In 2002, he was assigned to the Presidential Protective Division (PPD), where he served under President George W. Bush. In 2008, he joined the supervisory ranks as Assistant Special Agent in Charge (ASAIC) of the Human Capital Division. In 2021, Sheridan got a promotion to serve as Assistant Director of the Office of Intergovernmental and Legislative Affairs, with oversight of the Privacy Office, Congressional Affairs Program, Homeland Security Program, the Liaison Division, and Freedom of Information Act Office.

Before joining Prime Trust, Jeremy was serving as Assistant Director of the Office of Investigations, where he led the global investigative mission of the Secret Service, which is constituted of 161 offices and over 3,000 staff.

Tom Pageler, the Chief Executive Officer of Prime Trust, talked about the new hiring and said: "Prime Trust is deeply committed to building the highest levels of regulatory, compliance and security controls for the digital asset marketplace. With his extraordinary level of regulatory and law enforcement experience, Jeremy will be a critical asset to Prime Trust's leadership team and an advocate for new and evolving technologies in the fintech and crypto space."

Sheridan also commented about his appointment and stated: "I have dedicated my career to law enforcement service and helping to ensure the safety and security of top-tier government operations. I am very excited to be joining the Prime Trust team and help shape the future of the new digital economy with world-class security, compliance and operational excellence."

Accelerating Product Offerings to Meet Growing Needs of Fintech

Last December, Prime Trust announced a breakout year for the firm with strong revenue growth, continued team expansion, and explosive growth in new accounts opened via Prime Trust APIs (over 2000% from the previous year). Prime Trust's remarkable year was attributed to the ability of the company to scale into new markets, attract and partner with premier investors, achieve important certifications, and hire talent with regulatory expertise.

Through strategic partnerships, hiring of excellent talent, and the expansion of new systems within the payments and alternative assets markets, Prime Trust was able to develop a superior financial infrastructure that not only helps its customers launch quickly but also fuels a new economy.

Since its establishment in 2016, Prime Trust continues to power innovation in the digital economy by providing fintech and digital asset firms with financial infrastructure. Through its full suite of APIs, the company helps fintech companies and financial institutions to build seamlessly, launch quickly, and scale securely.

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