Libra Association has hired Saumya Bhavsar as General Counsel of Libra Networks

The Libra Association has appointed Saumya Bhavsar as General Counsel of Libra Networks, which is a wholly-owned subsidiary of the Association. The Libra Network manages the operations of the licensed Libra payment system.

Saumya Bhavsar

Bhavsar recently served as Managing Director, Global Head of Regulatory Affairs and Group Head of Data Protection Office at Credit Suisse where she led a global team reporting to the Group CEO and managed the Group’s regulatory commitments and communications with primary regulators.

“I am thrilled to be joining the Libra Association as it progresses toward enabling a more inclusive global financial system,” said Saumya Bhavsar. “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.”

James Emmett, Managing Director of Libra Networks said: “Saumya is a strategic leader with demonstrated ability and success in legal, regulatory and operational roles in one of the most highly-regulated industries. I am looking forward to working with Saumya and know that her expertise will be crucial in launching and managing a compliant payment system.”

In September, The Libra Association hired former HSBC exec, James Emmet, as the Association’s Managing Director. Last month, the Association announced that another former HSBC exec, Ian Jenkins,  would join as the Chief Financial Officer on board.

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