Blockchain

Facebook’s Libra Hires Former HSBC Exec Ian Jenkins to Double as Both CFO and CRO

The Libra Association, an independent member organization developing a blockchain-based payment system, appointed Ian Jenkins as the Chief Financial Officer and Chief Risk Officer of Libra Networks.

Libra Networks, a wholly-owned subsidiary of the Libra Association, will manage the operations of the licensed Libra payment system.

Ian Jenkins

“I am excited to join the Libra Networks leadership team at a time when innovation in the financial sector has the potential to empower billions of people worldwide. The Libra project is poised to transform the industry and I am looking forward to being part of this team.”

said Ian Jenkins, Chief Financial Officer and Chief Risk Officer of Libra Networks.

Jenkins brings three decades of senior leadership experience in financial services across a variety of executive roles in risk, operations, and strategy to Libra Networks.

As a distinguished industry leader with a broad global background, he has held CFO, CRO, and COO positions at top international banks including HSBC, Credit Suisse, and Santander. Most recently, he served as the Head of Business Finance and Group General Manager of HSBC.

James Emmett

“Ian’s deep expertise in global finance, risk and strategy will be crucial in bringing the Libra vision to life. I look forward to working with Ian as we move forward to a more operational phase of the project.”

Libra Networks Managing Director James Emmett said.

The appointment of Jenkins follows a series of recent hires including Stuart Levey as CEO and Steve Bunnell as Chief Legal Officer.

This followed the appointment of James Emmett as Managing Director of Libra Networks, Sterling Daines as Chief Compliance Officer

The Libra Association also announced that Blockchain Capital will be its newest member as they work on building a blockchain-based payment system.

Libra also released the regulatory progress that it has made so far, seeking a payment system license in Switzerland from the Financial Markets Supervisory Authority(FINMA).

Featured image credit: Edtide from freepik.com