New advice for the Blockchain Association for Finance

The newly elected are Michael Chaille (photo), president (Alpha FMC), Sébastien Capt (Prime Partners) and Pascal Schmohl (swisspartners).

The Blockchain Association for Finance (BAF) announces the election of three new members to its Board of Directors. The newly elected directors are Michael Chaille, Sébastien Capt and Pascal Schmohl. The board of directors of the association is now composed of Mr. Michael Chaille, president (Alpha FMC), by Mr. Cédric Haenni, treasurer (Pictet), by Mr. Benoit Barbereau (Edmond de Rothschild), by Mr. Sébastien Capt (Prime Partners), Mr. Laurent Pellet (Lombard Odier), Mr. Pascal Schmohl (swisspartners) and Mr. Michel Yigit (Julius Baer).

Benoit Barbereau, who is one of the founding members of the board of directors, announced: “I am delighted to welcome these three highly skilled professionals. Their unique background and experiences will make them a great asset to the association and its members in this phase of growth. “

In just one year, the association brought together 13 private banks and 80 of the industry’s leading independent asset managers (IMMs), representing over $ 1.8 trillion in assets under management.

“In our current phase of growth, it is important to have a governance structure that represents the interests of our clients, be they banks or independent asset managers, and whether they are based in Geneva or Zurich. With this new Board and the arrival of Alpha FMC, the ambition is to accelerate adoption, develop new use cases, both in Switzerland and internationally. We are delighted with this development, “says Vincent Pignon, CEO of the Wecan Group, owner of the platform used by BAF members.

“It is an honor to have been appointed BAF Director. I am happy to put my personal experience and Alpha’s global capabilities at the association’s disposal to support its development, “said Michael Chaille – Alpha FMC’s Global Head of Wealth Management. Having worked with over 50 different financial institutions, Michael will help the association to analyze market trends, identify best practices and leverage past commitments to set standards that meet industry expectations.

“The Blockchain Association for Finance represents a great opportunity for CFMs to evolve in digitization processes and remain at the forefront of innovation. A common standard between custodian banks and GFIs is key to maneuvering in the complex world of finance and regulation. I am pleased to represent the views of MFIs on this constructive topic, “said Sébastien Capt, CEO of Prime Partners SA, a company founded in 1998.

“I am convinced that blockchain technology will be the key differentiator when it comes to effectively managing compliance requirements and ensuring compliance standards in the future,” said Pascal Schmohl, swisspartners board member responsible for governance, management risk and compliance. As director, Pascal aims to support BAF in legal and regulatory matters and to make the association a key body in the industry.

Leave a Comment