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J.P. Thieriot Passes Torch To Simon McLoughlin as New Uphold CEO

  • 17 Feb, 2022

  • 2 Min read

Uphold Team photo
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LONDON — 17 February 2022 — Uphold today announces the appointment of Simon McLoughlin as its Chief Executive Officer (CEO). Uphold is a digital money platform providing easy, single wallet access to cryptocurrencies, fractional U.S. equities, FX, tokenized precious metals and carbon credits* to customers in more than 150 countries.

JP Thieriot is elevated to Vice Chairman immediately, with special responsibility for strategic partnerships and M&A. Under Thieriot’s leadership, Uphold grew revenues by over 9x to more than $250 million in 2021.

For the past three years as President and COO, McLoughlin has been responsible for overseeing the company’s day-to-day operations and executing its digital asset strategy. He has played an instrumental role in building Uphold’s operational infrastructure while liaising with regulators during a period of intense scrutiny for the digital currency sector. McLoughlin will continue in his current roles at subsidiary companies, including President of Uphold Europe Limited and CEO of Uphold Lithuania UAB.

“Uphold has enjoyed phenomenal growth under JP´s leadership, which saw the introduction of the Anything-to-Anything trading interface,” said McLoughlin. “We´re delighted to introduce shortly a new revolutionary interface to cement Uphold´s position as the easiest place to invest, pay, or spend its extensive range of digital assets instantly.”

JP Thieriot, Vice Chairman at Uphold, said: “Simon and I have had a remarkable partnership over the past three years, which has allowed me to focus on the deal-making and strategic side, while he has built a robust operational framework.

Perhaps more amazing than the company’s financial performance is the remarkable team we’ve managed to assemble in London, San Francisco, New York, Chicago, Braga, Porto and Vilnius – while preserving a collaborative culture of which all our employees are proud to be a part. After more than three years as CEO, the time has come to switch gears, and I am proud to pass the torch to Simon and the team, who are all fired up to achieve even greater things for Uphold.”

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Uphold Europe Limited, Reg No. 09281410, Registered Office: Eastcastle House, 27/28 Eastcastle Street, London, United Kingdom, W1W 8DH

Uphold (FRN: 938277) is registered with the Financial Conduct Authority (FCA) for AML purposes and complies with the Money Laundering, Terrorist Financing and Transfer for Funds (Information on the Payer).

Uphold is also an EMD agent (FRN: 938277) of Optimus Cards UK Limited (FRN: 902034) which is authorised and regulated by the Financial Conduct Authority to issue e-money pursuant to the Electronic Money Regulations 2011.

Cryptoasset services offered by Uphold Europe Limited are unregulated and not covered by the Financial Services Compensation Scheme as well as the FCA’s consumer protection regulations. Cryptoassets are very high risk and speculative. You should be aware and prepared to potentially lose some or all of your money. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial circumstances. Gains may be subject to Capital Gains Tax and there may be extra charges when paying via credit card from your provider. Geographic restrictions may apply.

Fiat money payments and balances (fiat is another name for traditional currencies, such as GBP, USD and EUR) constitute regulated e-money and payment services. In providing fiat balances, you are being issued with e-money by Optimus and Uphold is acting as its agent. See specific e-money terms. E-money is not a deposit or investment account which means that your e-money will not be protected by the FSCS. Your funds will be held in a designated safeguarding account with a regulated financial institution. E-money will not earn any interest.

Uphold is certified for SOC 2 Type 2, ISO 27001, and PCI DSS, ensuring rigorous control over our information security management systems, data handling, and payment processing practices. Furthermore, we comply with the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and the UK Data Protection Act, underscoring our dedication to protecting the personal data and privacy rights of our global customers.

© 2024 Uphold Europe Limited. All rights reserved.