The Libra Association appointment of fomer HSBC’s CEO James Emmett as the managing director of Libra network

The Libra Association has announced the appointment of James Emmett as the Managing Director of Libra Networks LLC, the operating company subsidiary of the Libra Association, with effect from 1 October 2020, according to the company blog on September 17.

James Emmett

James Emmett previously held the Chief Executive role of HSBC Bank plc and Europe, where he was responsible for HSBC’s UK Wholesale Bank and operations across Continental Europe, Sub-Saharan Africa, and Bermuda.

Mr. Emmett is a highly experienced financial services leader with a wealth of global experience in business, strategy, technology, and operations, gained through his 25 years with HSBC, one of the world’s leading international financial services institutions, Libra Association said on the blog.

Stuart Levey, CEO of the Libra Association, said:

“James is a first-class financial services executive with deep substantive expertise and operational experience. I am excited that he is joining us and confident that his leadership will help make Libra’s vision a reality.”

James Emmett said:

“As someone who is passionate about the opportunities for financial services and technology to make a real difference, I am delighted to be joining Libra Networks with a mission to enhance financial innovation and inclusion and to deliver the operationalization of the network.”

As AZCoin News reported, the Libra Association appointment of Steve Bunnell as Chief Legal Officer, Sterling Daines as Chief Compliance Officer, and Stuart Levey as Chief Executive Officer, as well as the addition of new members.

Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook, Inc. The currency and network do not yet exist, and only rudimentary experimental code has been released. The launch is planned to be in 2020.

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