ZURICH, Switzerland, Aug. 25, 2022 (GLOBE NEWSWIRE) — The Blockchain Association for Finance (BAF) announces the election of three new members to its Board of Directors. The newly elected directors are Michael Chaille, Sébastien Capt and Pascal Schmohl. As of the date hereof, the board consists of the association Mr. Michael Chaille, chairman (Alpha FMC), Mr. Cédric Haenni, treasurer (Pictet), Mr. Benoit Barbereau (Edmond de Rothschild), Mr. Sébastien Capt (Prime Partners), Mr. Laurent Pellet (Lombard Odier), Mr. Pascal Schmohl (Swiss partners) and Mr. Michel Yigit (Julius Baer).
Benoit Barbereau, part of the founding board, announced: “I am delighted to welcome these three highly skilled professionals. Their unique backgrounds and diverse experience will make them great assets to the Association and its members in this phase of expansion.”
In just one year, the association brings together 13 private banks and 80 of the industry’s leading external asset managers (EAMs), who globally manage over USD 1,800 billion in assets under management.
“In our current phase of growth, it is important to have a governance structure that represents the interests of our clients, whether they are EAMs or banks in Geneva, Zurich or Ticino. With this board and the arrival of Alpha FMC, the ambition is to accelerate adoption, to develop new use cases, in Switzerland, but also internationally. We are delighted with this development,” says Vincent Pignon, CEO of Wecan Group which provides the platform used by the BAF participants.
“It is an honor to have been appointed as a BAF director. I am pleased to make both my personal experience and Alpha’s global capabilities available to the association to further support its development,” said Michael Chaille – Global Head of Wealth Management at Alpha FMC. Having worked with more than 50 different financial institutions, Michael aims to help the association analyze market trends, identify best practices and leverage past engagements to define standards that match industry expectations.
“Blockchain Association for Finance presents a great opportunity for EAM to evolve into digitization processes and stay on top of innovation. A common standard among custodian banks and EAM is essential to maneuver into the complex world of finance and regulations. I look forward to represent EAM’s views on this constructive subject,” said Sébastien Capt – CEO of Prime Partners SA, an EAM company founded in 1998.
“I am convinced that Blockchain technology will be the most important differentiator when it comes to efficiently handling compliance requirements and ensuring compliance standards in the future,” said Pascal Schmohl – member of the executive board at swisspartners responsible for governance, risk management and compliance As director, Pascal aims to support BAF in legal and regulatory matters and will further establish the association as a central industry body.
About the Blockchain Association for Finance
The Blockchain Association for Finance contributes to the development of the financial industry by promoting discussions between key players and proposing standards around the use of blockchain. More specifically, it intends to help market participants define ways and tools to share information in a secure and efficient manner by leveraging distributed ledger technology. In practice, it also provides general governance and management rules to and among the users of the Wecan Comply platform that allow custodian banks and external asset managers to exchange information.
MEDIA CONTACT:
Blockchain Association for Finance
Alexander Sirunyan
Tel. +41 (0) 79 612 39 33
Email: [email protected]
