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Facebook's Libra cryptocurrency project appoints ex-HSBC exec as CFO of payments unit

Credit: REUTERS/DADO RUVIC

The Facebook-backed Libra cryptocurrency project has appointed a former HSBC executive as chief financial officer of a unit tasked with managing the planned digital currency's payments system, it said on Thursday.

LONDON, Oct 15 (Reuters) - The Facebook-backed Libra cryptocurrency project has appointed a former HSBC executive as chief financial officer of a unit tasked with managing the planned digital currency's payments system, it said on Thursday.

The Geneva-based Libra Association, which is seeking regulatory approval for the project, said in a statement it has appointed Ian Jenkins as CFO and chief risk officer of Libra Networks.

Jenkins is HSBC's former business finance head and group general manager.

(Reporting by Tom Wilson; Editing by Dhara Ranasinghe)

((T.Wilson@thomsonreuters.com; 44-20-7542-4531; Reuters Messaging: t.wilson.thomsonreuters.com@reuters.net))

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