Ripple Hires Former SWIFT Board Member & Banking Executive
Distributed financial settlement solutions provider Ripple has announced the hire of Marcus Treacher, a veteran in transaction and payment systems banking. Treacher is a former executive at HSBC and member of the Global Board at SWIFT. In a press release, Ripple has announced a new hire in Marcus Treacher, as its new global head of strategic accounts. Treacher is an industry veteran with over 30 years of experience in payment systems and transaction banking. A former executive with a global leadership role at UK-based global bank HSBC for 12 years,Treacher also served as member of the....
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Distributed ledger tech startup Ripple has hired SWIFT board member Marcus Treacher as its global head of strategic accounts. Treacher has held a position as one of SWIFT’s more than 20 board members since 2013, where his responsibilities include overseeing its corporate advisory group and serving as a member of its banking and payments committee and technology committee. Until November 2015, Treacher was also global head of payments innovation at HSBC. Now, Treacher will be working from the headquarters of Ripple’s European operations in London. In a press release, Ripple lauded Treacher....
When it rains, it pours, especially when it is raining bad news. If Ripple investors didn't believe that before, they certainly do now. Just yesterday, CCN reported that Ripple Labs co-founder Jed McCaleb decided to sell the entirety of his XRP stock, which decreased the XRP exchange value by an astounding 40% in less than 24 hours. Now, a board member has resigned, leaving investors anxious about the company's future. Ripple Board Member Jesse Powell Resigns in the Wake of Founder Sell-Off. In the wake of the troubling news about McCaleb's XRP liquidation, Ripple board member Jesse Powell....
Blockchain startup Digital Asset has added two financial services veterans to its team, drawing talent from software maker SunGard and international payments network SWIFT. Former Sungard president and CEO Cristóbal Conde will serve as a non-executive board member, according to a company release. SunGard, founded in 1982, was recently acquired for $5.1bn by Fidelity National Information Services (FIS). Chris Church, who acted as chief executive for the Americas and head of the SWIFT's securities devision, will become Digital Asset's chief business development officer. "With more than 50....
Today, Ripple announced that they have struck an accord, a first of its kind, with several major banking interests to created the GPSG, or the Global Payments Steering Group. Bitcoin has been the king of digital coins for a long time, and no altcoin has really been able to make a mainstream dent in its domain to this point. Ethereum had its run to start the year, but it devised its own roadblock to success called DAO that it is still trying to recover from. Rather, Ripple has been working in the background quietly, making friends in the banking industry and influencing people to use it for....
After publicly resigning from Ripple, former board member Jesse Powell now faces legal trouble with the company. Ripple is having a very messy week. First, co-founder Jed McCaleb publicly decided to liquidate his XRP, which comprised 20% of the entire market cap. Unsurprisingly, the price fell by over 50% during the subsequent 48 hours. After McCaleb's decision to sell his XRP holdings, Kraken CEO Jesse Powell announced his resignation from the Board of Ripple Labs in a candid post on the /r/Ripple subreddit. Following Powell's public resignation, a lawyer for Ripple Labs sent a....