Former BoE Executive Director Joins Blockchain Platform SETL

SETL, the institutional payment and settlement infrastructure based on blockchain technology, has appointed former Executive Director of the Bank of England Sir David Walker as its Chairman.

“I am very pleased to accept this position with SETL. Blockchain is an important advance in settlement technology and SETL has a compelling proposition for its deployment. By simplifying the process of payments and settlement SETL should be able to deliver significant operational efficiencies which will benefit all market participants and, most importantly, reduce costs borne by savers and investors”, said Sir David Walker in a statement.

He has served as the chairman of Barclays, Morgan Stanley International, the Securities and Investment Board and as deputy chairman of Lloyds TSB. Before his career in financial markets, Sir David served as an Assistant Secretary to the Treasury, for the UK Government. Sir David Walker is a senior member of the influential G30 group which considers and promotes advancements in international payments and settlements.

The company also announced the appointment of Philip Bond, visiting Professor in the Departments of Engineering Mathematics and Computer Science at Bristol University, as head of Cryptography and Cyber Security. Also, SETL’s fundraising efforts will be managed by Caroline Silver at the specialist investment bank Moelis & Company.