The Swiss-based crypto project, Libra Association, announced on Tuesday that it had appointed Robert Werner as its General Counsel, to help guide the company as it tries to get regulators onboard for its stablecoin Libra. Robert Werner has vast experience in regulatory, financial crime compliance and enforcement, as he has worked in both the public and private sectors. Before joining the Libra Association as General Counsel, Robert Werner was the founder and CEO of GRH Consulting.
Werner held leadership positions at various top firms.
Before joining the Libra Association, Robert Werner held leadership positions at several well-known financial institutions, including HSBC and Goldman Sachs. He was the Enterprise Executive for Policy, Privacy, and Regulatory Relations at Goldman Sachs. In a statement, Werner said that he is grateful for the opportunity to join the Libra Association as we work to transform the global payments landscape to empower billions of people. He further noted that he had dedicated his career to combating financial crime and helping complex organizations achieve regulatory compliance, both in government and in the private sector. He said that he is looking forward to meaningfully contributing to such an impactful project.
Libra Association closes in to launch the stablecoin.
The social media giant Facebook announced the crypto project last year, and since then, it has received nothing but criticism from regulators all around the world. However, the Libra Association is still insisting on a 2020 launch. The Swiss-based organization has made several changes in its white paper to get regulators on board. Before getting hired by the Libra Association, Robert Werner was also on the Board of Directors of Deutsche Bank Trust Company and Deutsche Bank Trust Company Americas. Werner joins the Libra Association after the company started the payment system licensing process with the Swiss Financial Market Supervisory Authority FINMA on the 16th of April, 2020. Libra Association recently appointed Stuart Levey as its new CEO