SETL Announces New Board Composition Following Two New Additions

SETL has welcomed Rachel Lomax, the former Deputy Governor of the BoE and Ed Richards, former CEO of Ofcom.

SETL, a London based institutional payment and settlement infrastructure group, has announced a series of new additions to its board, culminating in the appointment of two new executives as well as an additional change to its composition in the near future, per a SETL statement.

SETL is multi-asset, institutional payment and settlements group, best known for utilizing blockchain technology. Having launched in 2015, the group has seen some changes to its board and leadership over the past year. The group most recently made waves after it released a new system to help enable market participants to facilitate the exchange of cash and assets directly, helping streamline the final settlement of market transactions.

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As per the new appointments, SETL has welcomed Rachel Lomax, the former Deputy Governor of the Bank of England (BoE) and Ed Richards, former CEO of Ofcom – these additions follow on the heels of an earlier appointment of Sir David Walker as SETL’s chairman back in December 2015. The group is also vetting an addition member to its leadership team, who will be announced shortly.

Sir David Walker
Sir David Walker

According to SETL’s Chairman, Mr. Walker, in a statement on the appointments: “We are also delighted to confirm further appointments to the board. Joining as non-executives are Rachel Lomax and Ed Richards. Each of these directors brings a wealth of experience in the financial, regulatory and corporate governance spheres.”

“Their oversight of the growth and development of SETL will be invaluable to the executive team and shareholders alike”. SETL is very mindful of the dependability and resilience of its systems and interfaces and we are delighted to welcome a further colleague to add counsel to the board, regulators, customers and shareholders,” he added.

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