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Blockchain Association for Finance Announces New Board of Directors

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Blockchain Association for Finance Announces New Board of Directors

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 administrators are Michael Chaille, Sébastien Capt and Pascal Schmohl. As of the date hereof, the Board of Directors of the Association is composed of Mr. Michael Chaille, President (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 (swisspartners) and Mr. Michel Yigit (Julius Baer).

Benoit Barbereau, member of the founding board of directors, declared: “I am delighted to welcome these three highly qualified professionals. Their unique backgrounds and diverse experience will make them great assets for 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), managing more than $1.8 trillion in assets under management globally.

“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 BAF participants.

“It is an honor to have been appointed Director of BAF. I am pleased to bring both my personal experience and the global capabilities of Alpha to the disposal of the Association to further support its development,” said Michael Chaille – Global Head of Wealth Management at Alpha FMC. Having worked with over 50 different financial institutions, Michael intends to help the Association analyze market trends, identify best practices and leverage past engagements to set standards that match industry expectations. ‘industry.

“The Blockchain Association for Finance presents a great opportunity for EAM to move towards digitalization processes and stay at the forefront of innovation. A common standard between custodian banks and EAM is crucial for maneuvering in the complex world of finance and regulation. I look forward to representing EAM’s views on this constructive topic,” said Sébastien Capt – CEO of Prime Partners SA, an EAM company founded in 1998.

“I am convinced that Blockchain technology will be the main differentiator when it comes to effectively managing compliance requirements and ensuring compliance standards in the future,” said Pascal Schmohl – Member of the Board of Directors of swisspartners in charge of governance, risk management and compliance. As Director, Pascal aims to support the BAF in legal and regulatory matters and will further establish the Association as a key industry body.

About Blockchain Association for Finance
The Blockchain Association for Finance contributes to the evolution of the financial industry by promoting discussions between key players and by proposing standards around the use of blockchain. Specifically, it aims to help market players define ways and tools to securely and efficiently share information by leveraging distributed ledger technology. Concretely, it also provides general rules of governance and management to and between users of the Wecan Comply platform which allows custodian banks and external asset managers to exchange information.

MEDIA CONTACT:
Blockchain Association for Finance
Alexander Sirunjan
Such. +41 (0) 79 612 39 33
E-mail: contact@blockchainassociationforfinance.org

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