The Libra Association, the organization developing the Facebook-backed cryptocurrency project libra, on Thursday hired longtime banking executive Ian Jenkins to lead the stablecoin group’s finance and risk operations.

  • Jenkins will become chief financial officer and chief risk officer for Libra Networks, the group's digital payments subsidiary.
  • Jenkins previously led international banking giant HSBC's business finance group. He has worked in various banking and finance roles since at least 1990.
  • His hiring adds another HSBC name to Libra's C-suite. The former CEO of the international banking giant, James Emmet, took the reins on Oct. 1.
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