SETL appoints ex-Barclays chairman as non-executive chairman of the board

Announcements | December 23, 2015 By:

SETL announced the appointment of David Walker as the company’s non-executive chairman of the board.

Walker took on the role of Barclays chairman in November 2012 in the wake of the Libor-rigging scandal, which led to the resignations from the UK bank of its chief executive Bob Diamond and its chairman Marcus Agius. He stepped down from the role in April 2015 and has been the non-executive chairman of hedge fund Winton Capital since July this year. Walker is also a senior member of a G30 group focused on international payments and settlements.

“By simplifying the process of payments and settlement SETL should be able to deliver significant operational efficiencies which will benefit all market participants and, most importantly, reduce costs borne by savers and investors,” said Walker.

SETL, which has developed a version of the blockchain that it hopes will be used by institutions to settle financial transactions, also named Moelis dealmaker and managing director Caroline Silver to manage its fundraising efforts.

SETL is a London-based blockchain start-up launched by former Chi-X co-founder Peter Randall.