Former US Treasury Secretary Appointed as CEO of Libra Association
Deputy Minister of Finance USA by questions terrorism and financial intelligence at administrations of Presidents George W. Bush and Barack Obama Stuart Levy this Wednesday was named the new CEO of the Libra Association.
In his government position, Levy answered per a wide range of issues related to countering laundering money and terrorist financing. Him the last place of work was HSBC bank, where is he was Director of Legal Affairs.
Commenting on Levy’s appointment, Andreessen Horowitz General Partner and Libra Board Member Katie Haun stated: “Stewart brings to the Libra Association a rare combination experienced the leader as a state positions, where he enjoyed respect and influence among both parties, and in the private sector, where he controlled the scattered all the globe by the team. This unique experience will allow him to provide the necessary balance between innovation and regulation “.
Levy commented so his joining the Libra Association: “I am honored to join the Libra Association, in then time as it paves the way for the use of technological opportunities in the transformation of the global payment space. Technology gives us a chance to make it easier for individuals to transfer and send money and companies and empower over a billion people, which did not have access to the financial system before “.
Levy will begin his duties “later this summer”. New CEO also noted that in his work he will focus on interaction with governments and regulators. This aspect is of particular importance for the stablecoin project launched by Facebook last summer, which drew sharp criticism from the authorities of many countries.