ZURICH, Switzerland, Aug. 25, 2022 (GLOBE NEWSWIRE) — The Blockchain Affiliation for Finance (BAF) proclaims the election of three new members to its Board of Administrators. The newly elected Administrators are Michael Chaille, Sébastien Capt and Pascal Schmohl. As on the date hereof, the Board of Administrators of the Affiliation includes Mr. Michael Chaille, Chairman (Alpha FMC), Mr. Cédric Haenni, Treasurer (Pictet), Mr. Benoit Barbereau (Edmond de Rothschild), Mr. Sébastien Capt (Prime Companions), Mr. Laurent Pellet (Lombard Odier), Mr. Pascal Schmohl (swisspartners) and Mr. Michel Yigit (Julius Baer).
Benoit Barbereau, a part of the founding Board of Administrators, introduced, “I’m thrilled to welcome these three extremely expert professionals. Their distinctive backgrounds and various expertise will make them nice property to the affiliation and its members on this enlargement section.”
In only one yr, the affiliation brings collectively 13 non-public banks and 80 of the business’s main Exterior Asset Managers (EAMs), globally managing over $1’800 billion in property beneath administration.
“In our present development section, it is very important have a governance construction that represents the pursuits of our shoppers whether or not they’re EAMs or banks in Geneva, Zurich or Ticino. With this Board and the arrival of Alpha FMC, the ambition is to speed up adoption, to develop new use instances, in Switzerland, but in addition internationally. We’re delighted with this improvement,” says Vincent Pignon, CEO of Wecan Group which gives the platform utilized by the BAF members.
“It’s an honor to have been appointed as BAF Director. I’m happy to place each my private expertise and Alpha’s world capabilities on the disposal of the Affiliation to additional help its improvement,” stated Michael Chaille – International Head of Wealth Administration at Alpha FMC. Having labored with greater than 50 totally different monetary establishments, Michael intends to assist the Affiliation analyze market tendencies, establish finest practices in addition to leverage previous engagements to outline requirements that match business expectations.
“The Blockchain Affiliation for Finance presents an important alternative for EAM to evolve into digitalization processes and to remain on prime of innovation. A standard commonplace amongst custodian banks and EAM is essential in an effort to maneuver into the complicated world of finance and rules. I stay up for signify EAM views on this constructive topic,” stated Sébastien Capt – CEO of Prime Companions SA, an EAM firm based in 1998.
“I’m satisfied that the Blockchain Know-how would be the key differentiator with regards to effectively managing Compliance necessities and making certain Compliance requirements sooner or later,” stated Pascal Schmohl – member of the Govt Board at swisspartners with duty for Governance, Danger Administration and Compliance. As a Director, Pascal goals to help the BAF in authorized and regulatory issues and can additional set up the Affiliation as a key business physique.
About Blockchain Affiliation for Finance
The Blockchain Affiliation for Finance contributes to the evolution of the monetary business by fostering discussions between key gamers and proposing requirements round using blockchain. Extra particularly, it intends to assist market members outline methods and instruments to securely and effectively share info leveraging distributed ledger know-how. Virtually, it additionally gives common governance and administration guidelines to and among the many customers of the Wecan Comply platform which permits custody banks and exterior asset managers trade info.
Blockchain Affiliation for Finance
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