Libra Association hires former HSBC veteran to head its stablecoin project

The Libra Association has hired former HSBC European head James Emmett as the managing director of Libra Networks — the operating company subsidiary of the association.

Emmett is joining Libra on October 1, the association announced on Thursday. Emmett spent more than 25 years at HSBC and recently stepped down as the CEO of HSBC Bank plc and Europe, where he led the bank's operations across Continental Europe, Sub-Saharan Africa, and Bermuda.

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