Custodia Bank (formerly Avanti) co-founder Zev Shimko has been named president and chief operating officer. In this role, Shimko will lead the executive team to ensure a unified strategy across functions, align product with market demand, and oversee execution across the bank. He will continue to report directly to founder and CEO, Caitlin Long. Wyoming-based Custodia aims to launch its digital asset custody and banking solutions in Q2 2022.