BCB Group’s Chief Compliance Officer to Exit in Latest Senior Management Departure

As a seasoned researcher with years of experience in the financial industry, I find it concerning to see such a high turnover of senior management at BCB Group within a short span of time. The departure of Natasha Powell, their chief compliance officer, is just another piece in an increasingly puzzling puzzle.

The London-based cryptocurrency payment company, BCB Group, is on track for its fifth high-level departure within an 18-month period as Natasha Powell, the company’s Chief Compliance Officer, announces her departure.

In an email, Powell announced she was no longer managing the daily operations of the business. She didn’t reveal her new role but made clear it wasn’t with a competing company. Kym Routledge will now oversee the compliance department as Powell departs.

As an analyst, I can say that Natasha has played a crucial role in establishing the top-tier compliance program that serves as the foundation for our regulated businesses at BCB Group. In an emailed statement, our CEO, Oliver Tonkin, expressed this sentiment. Although it’s sad to see her depart from our team, I am thrilled to share that Natasha will still be contributing to BCB by serving as a non-executive director for BCB Payments.

After the departure of CEO Oliver von Landsberg-Sadie, who left the company in November for fresh ventures, Powell has also decided to leave. This follows the exit of Deputy CEO Noah Sharp, who parted ways with the firm after the unsuccessful acquisition of Sutor Bank in Germany back in May. The chief banking officer, Ian Moore, departed from the payments company last September, while Lux Thiagarajah, BCB’s former revenue head, moved to FalconX as the head of commercial FX in May.

Last week, it was disclosed that a confidential buyer has expressed an interest in acquiring our payments processor. This takeover bid came at a time when we were considering a Series B funding round, as sources close to the situation have reported.