Banking News

Libra Networks appoints former HSBC exec as CFO

libra

Ian Jenkins has been appointed as Chief Financial Officer and Chief Risk Officer of Libra Networks, the Libra Association operating subsidiary. A month ago, Libra Networks announced that ex HSBC Bank CEO James Emmett would take up the Managing Director role at Libra Networks. Both executives are British.

Yet another former HSBC executive, Stuart Levey, is the CEO of the Libra Association.

Jenkins spent more than 12 years at HSBC, departing in March last year. It’s unclear what work he’s been doing in the interim. The UK qualified Chartered Accountant was also Chief Risk Officer at Santander for three years and before that spent 12 years at Credit Suisse.

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

Libra keeps moving forward, no matter what obstacles are placed in its path. Earlier this week, the Financial Stability Board published a paper in preparation for G20 meetings suggesting new standards for legislation of global stablecoins be introduced. It also provided a long list of regulations it believes a digital currency such as Libra should comply with.

Nonetheless, Libra added a new member last month, the venture capital firm Blockchain Capital.