HSBC Executive Stuart Levey To Run Facebook-Backed Libra Cryptocurrency

On Wednesday, Facebook-backed Libra Association named as its new top executive Stuart Levey, a former US Treasury official who headed team fighting financial crime.

Levey, who has most recently been a chief legal officer at HSBC Holdings, will manage the group founded by Facebook to manage a global digital payments system.

Levey said in a release that “I am honored to join the Libra Association as it charts a bold path forward to harness the power of technology to transform the global payments landscape.”

Prior to joining major financial institution HSBC, Levey served as the first under secretary of the Treasury for terrorism and financial intelligence during the George W Bush and Barack Obama administrations.

Katie Haun, a member of the Libra board said that “Stuart brings to the Libra Association the rare combination of an accomplished leader in both the government, where he enjoyed bipartisan respect and influence and the private sector where he managed teams spread…