Christian Noyer served the French central bank for over a decade as its governor.
UK-based Blockchain firm Setl has appointed former French central bank governor Christian Noyer as one of its board members.
Launched in 2015, Setl is building a blockchain-based infrastructure for institutional Payments and settlements with a capacity of over a billion transactions per day. This latest appointment comes ahead of the company’s expansion plans in the markets of Europe, Asia, and the United States.
Noyer is a veteran economist and has held the apex position at the French central bank for more than a decade. Prior to that, he also served the European central bank as a vice president.
In addition, he is advising the French government on the upcoming Brexit and is a non-executive director of London’s Lloyds Bank.
Commenting on this appointment, Philippe Morel, CEO of Setl, said: “The appointment of Christian Noyer as a director will assist SETL in many ways. We believe we have a technological lead in the blockchain for financial markets arena having demonstrated the ability to process billions of transactions a day and to be able to service over 100 million addresses concurrently. We are unique in having both a financial grade product and a proven deployment route."
“We do not underestimate the challenges of re-tooling some of the most fundamental elements of our financial infrastructure but the benefits of doing so are significant and widespread. We are strongly positioned to commence that transformation and look forward to making further announcements shortly.”
Big Names, Big Goals
Setl already had some big names on its board of directors including former Barclays and Morgan Stanley chairman Sir David Walker, former Bank of England deputy governor Rachel Lomax, and ex-Ofcom chief executive Ed Richards. Adding Noyer to this group is expected to strengthen the firm further.
Sir David Walker, chairman of Setl, said: “I am delighted to welcome Mr. Noyer to the board and to thank our existing directors for their guidance and counsel over the past two years. Christian Noyer brings a wealth of experience in the financial, regulatory, economic management and central banking world. His contribution to the board process will be of significant benefit to the executive team, shareholders and stakeholders alike.”
Setl has already secured $39m (£30m) in over three funding rounds, and the investors include Deloitte and Credit Agricole.
“With the encouragement of shareholders and the revenue generating projects we have recently announced we are adding significantly to the strength to the company. At this stage in the development of the technology and its business applications it is important to choose the right projects and to deliver a dependably resilient product to the market,” Sir Walker added.
UK-based Blockchain firm Setl has appointed former French central bank governor Christian Noyer as one of its board members.
Launched in 2015, Setl is building a blockchain-based infrastructure for institutional Payments and settlements with a capacity of over a billion transactions per day. This latest appointment comes ahead of the company’s expansion plans in the markets of Europe, Asia, and the United States.
Noyer is a veteran economist and has held the apex position at the French central bank for more than a decade. Prior to that, he also served the European central bank as a vice president.
In addition, he is advising the French government on the upcoming Brexit and is a non-executive director of London’s Lloyds Bank.
Commenting on this appointment, Philippe Morel, CEO of Setl, said: “The appointment of Christian Noyer as a director will assist SETL in many ways. We believe we have a technological lead in the blockchain for financial markets arena having demonstrated the ability to process billions of transactions a day and to be able to service over 100 million addresses concurrently. We are unique in having both a financial grade product and a proven deployment route."
“We do not underestimate the challenges of re-tooling some of the most fundamental elements of our financial infrastructure but the benefits of doing so are significant and widespread. We are strongly positioned to commence that transformation and look forward to making further announcements shortly.”
Big Names, Big Goals
Setl already had some big names on its board of directors including former Barclays and Morgan Stanley chairman Sir David Walker, former Bank of England deputy governor Rachel Lomax, and ex-Ofcom chief executive Ed Richards. Adding Noyer to this group is expected to strengthen the firm further.
Sir David Walker, chairman of Setl, said: “I am delighted to welcome Mr. Noyer to the board and to thank our existing directors for their guidance and counsel over the past two years. Christian Noyer brings a wealth of experience in the financial, regulatory, economic management and central banking world. His contribution to the board process will be of significant benefit to the executive team, shareholders and stakeholders alike.”
Setl has already secured $39m (£30m) in over three funding rounds, and the investors include Deloitte and Credit Agricole.
“With the encouragement of shareholders and the revenue generating projects we have recently announced we are adding significantly to the strength to the company. At this stage in the development of the technology and its business applications it is important to choose the right projects and to deliver a dependably resilient product to the market,” Sir Walker added.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Exclusive: Scope Markets' CMO James Hughes Departs to Pursue New Venture
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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