UBS’ blockchain innovation lead to depart the firm in October

Announcements | August 19, 2016 By:

UBS announced that innovation lab lead and ‘crypto 2.0’ researcher Alex Batlin is leaving the bank in October to “pursue a new opportunity”.

“There is no change to our focus and approach on blockchain technology. We are reviewing the options for internal and external candidates to lead the next phase of the programme and to extend our Level39 lab activities beyond blockchain as we move forward,” wrote Lange in the memo, adding, “Alex’s dedication to the innovation lab and Crypto 2.0 pathfinder programme has left us with a well-organised project pipeline and in a strong position to approach the next phase of blockchain technology acceleration and business development. We have a strong team in place with key blockchain leads in all business divisions and operations,” said UBS Head of Innovation Veronica Lange.

During his tenure at the bank, Batlin served as a mentor to FinTech startups at Level39, an R&D lab set up by UBS that served as a key vehicle for it to explore distributed ledgers and cryptocurrencies. Batlin also headed the firm’s analysis of the impact of these technologies on the bank’s business model.

According to his LinkedIn profile, Batlin has worked on big data analytics, social media, cloud and mobile computing, device security, unified communication and cognitive computing projects. The University of Bristol Computer Science grad was also UBS’ global head of SDLC services. Prior to joining UBS, Batlin worked at Nomura, JPMorgan and CSC.