SETL Announces New Board Composition Following Two New Additions

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 Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term 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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term of cash and assets directly, helping streamline the final settlement of market transactions.

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.

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.