Facebook-Backed Libra Association Appoints Ian Jenkins As Chief Financial Officer And Chief Risk Officerbr>
The Libra Association, an independent member organization, has appointed Ian Jenkins as Chief Financial Officer and Chief Risk Officer of Libra Networks, a wholly owned subsidiary of the Libra Association.
The Libra Association was established by social media giant Facebook to oversee the Libra token, a permissioned blockchain digital currency. The plan is for the Libra token to be backed by financial assets such as a basket of currencies, and US Treasury securities in an attempt to avoid volatility. The association membership is comprised of geographically distributed and diverse businesses and nonprofit organizations working to create a blockchain-based payment system supporting financial inclusion and responsible financial services innovation.
Jenkins brings three decades of senior leadership experience in financial services across a variety of executive roles in risk, operations, and strategy to Libra Networks. As a distinguished industry leader with a broad global background, he has held CFO, CRO, and COO positions at top international banks including HSBC, Credit Suisse, and Santander. Most recently, he served as the Head of Business Finance and Group General Manager of HSBC.
“Ian’s deep expertise in global finance, risk and strategy will be crucial in bringing the Libra vision to life,” Libra Networks Managing Director James Emmett said. “I look forward to working with Ian as we move forward to a more operational phase of the project.”
“I am excited to join the Libra Networks leadership team at a time when innovation in the financial sector has the potential to empower billions of people worldwide,” said Jenkins. “The Libra project is poised to transform the industry and I am looking forward to being part of this team.”