The Swiss bank, UBS, is a losing a key member of its administrative team in Alex Batlin, who lead the bank’s efforts in blockchain innovation.
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Blockchain Lead Leaves UBS
The news was first reported and confirmed by Financial News, which cites an internal memo dated August 17th.
According to UBS’ head of innovation Veronica Lange, Batlin left to “pursue an opportunity outside of UBS.” Batlin headed the bank’s innovation lab at level 39, which is a fintech hub in the business district of Canary Wharf. In that role he lead UBS’ Crypto 2.0 program, which explored the use of cryptocurrencies in traditional finance.
In the memo, Lange discusses the significance of Batlin’s work to UBS and how he laid down a foundation for them to successfully move forward without him.
“There is no change to our focus and approach on blockchain technology. We are reviewing the options for internal and external candidates to lead the next phase of the program and to extend our L39 lab activities beyond blockchain as we move forward. Alex’s dedication to the innovation lab and Crypto 2.0