Facebook’s cryptocurrency Libra Association appoints HSBC’s chief legal officer as first CEO

Stuart Levey previously worked for the Department of Justice and under both George Bush and Barack Obama in the US Treasury.

Image source: Stuart Levey/The Libra Association

The Libra Association has appointed Stuart Levey, who has been HSBC’s chief legal officer since 2012, as its first CEO.

Levey has previously worked in the US department of justice and served as the first Under Secretary of the Treasury for Terrorism and Financial Intelligence under both George Bush Jr. and Barack Obama.

He will assume his new role in summer after stepping down from his position at HSBC.

“Technology provides us with the opportunity to make it easier for individuals and businesses to send and receive money, and to empower more than a billion people who have been left on the sidelines of the financial system, all with robust controls to detect and deter illicit financial activity,” Levey said.

Katie Haun, General Partner at Andreessen Horowitz and Libra…