Yesterday the nonprofit Libra Association, which governs the Libra network and blockchain project, announced it appointed Saumya Bhavsar as General Counsel of Libra Networks, its operating subsidiary.
Bhavsar has a 20-year career in financial services focused on compliance, legal, and regulatory affairs. Her most recent role was global Head of Regulatory Affairs at Credit Suisse and before that Head of U.S. Legal at UBS for over ten years. She also spent two years at Euroclear and eight years at the Office of the Comptroller of Currency (OCC), part of the U.S. Department of Treasury.
“Along with many in the banking industry, I have been watching the Libra project from afar and believe the Libra payment system is poised to transform the industry and enable unprecedented financial innovation and inclusion at a time when we need it most,” said Bhavsar.
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