With an endeavor to fast track the project and efficiently manage it; the Libra association has roped in the former HSBC veteran Ian Jenkins as the CFO and CRO.
Libra, the much-hyped digital currency backed by tech giant Facebook, was announced with an intent to provide the billions of Facebook users across the globe to transact online with ease. The project was touted as one of the most influential technologies which could change the face of banking. However, the project suffered a lot of scrutiny by the regulatory authorities. Facebook called Libra as the global currency and said that it does not control it. The Libra Foundationwhich is a collective of several multinational companies administers the Libra project.
The association announced on October 15th that Ian would be holding the two crucial positions in the project.
Ian Jenkins Will Bring Years of Financial Service Industry Experience to Libra
Ian Jenkins brings with him wide industry experience where he has worked with top tier financial organizations like Credit Suisse, HSBC, and Santander and Abbey national. Jenkins’s financial service industry expertise would help the Libra project in a great way. With his experience in various areas, he would be able to streamline the development and remove the roadblocks in the Libra release. The incumbent CFO and CRO have worked in the industry for long 30 years and took powerful positions, which makes him the apt choice for the much ambitious Libra project.
The Blockchain-based payment system, Libra, aims to provide financial inclusion and innovate the payment infrastructure across the globe.
Libra Foundation Looking Forward To ‘Bring Libra to Life’ As Ian Jenkins Takes charge
“Ian’s deep expertise in global finance, risk and strategy will be crucial in bringing the Libra vision to life,” James Emmett, the MD of Libra Foundation, said. “I look forward to working with Ian as we move forward to a more operational phase of the project.”
A Step to Remove Regulatory Hurdles
As the digital currency project faces a backlash and several roadblocks pertaining to regulatory measures, the foundation has brought in an experienced and revered leader to overlook the development of the project.