Ex-Fed Joins Ripple Labs as General Counsel

Payment exchange network Ripple Labs recently appointed Norman Reed as its general counsel.
A law graduate from Columbia University, Reed started his career at a large international firm where he worked for three years. He later joined the prestigious Federal Reserve Bank of New York, where he got to know Karen Gifford – Ripple Labs’s Chief Compliance Officer, also a former New York Fed.
‘In the wake of BCCI – along with some other shifty things happening in the early 1990s in the banking industry – the Fed wanted to start up an enforcement group styled after the SEC enforcement group,’ Reed said on Ripple Labs blogpost. ‘That’s where Karen and I worked along with half a dozen other attorneys.’

This post was published at NewsBTC on February 19, 2015.

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