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RNS Number : 1443S Dynamics Group AG 12 July 2022
Dynamics Group AG / Key word(s): Cryptocurrency / Blockchain/Personnel
Sygnum adds SBI and Prudential tech-heavyweightsto Board of Directors
12.07.2022
PRESS RELEASE
Sygnum adds SBI and Prudential tech-heavyweightsto Board of Directors
Zurich, 12 July 2022 - Sygnum strengthens its core technology leadership team
and digital transformation capabilities with the addition of two executives to
its Board of Directors, Fernando Luis Vázquez Cao, CEO of SBI Digital Asset
Holdings, and Al-Noor Ramji*, Tata Motors board member and former Prudential
Chief Digital Officer.
§ Appointees have extensive experience leading technology teams through
high-growth transformations
§ Further strengthens the company's technology, innovation, governance and
security capabilities
§ Following Sygnum's January USD 800m post-money valuation, executives join
as Sygnum further scales its secure digital platform, enters new markets and
co-develops innovative solutions with strategic investors
Fernando Luis Vázquez Cao
Fernando Luis Vázquez Cao is an open-source software industry veteran with
over twenty years' experience across technology innovation and governance,
capital markets and digital assets and holds unparalleled knowledge of the
Asian financial services sector from both a business and technical
perspective. He is currently CEO of SBI Digital Asset Holdings, part of the
TSE-listed financial conglomerate SBI Group, with advisory, tokenization and
issuance, digital exchange, and digital custody business lines under his
remit.
Fernando's career began in academia where he first became deeply involved with
the budding Linux community. This led him to the corporate world with a number
of roles at the NTT Group, eventually becoming a founding member and technical
director of NTT's Open Source Software Center, where he built a team that made
major contributions to open source projects that underpin modern cloud and
Internet services. He then transitioned into the fintech world, joining
Japanese giant SBI, where he held C-level business and technical positions
before assuming his current role in July 2020. He is also a board member of
regulated financial institutions in Asia and Europe and the Cardano
Foundation.
Commenting on the announcement, Fernando Luis Vázquez Cao said, "I look
forward to joining the Sygnum team at such a pivotal time in their
development, and to contributing my technology experience to bringing their
inspiring vision of Future Finance securely and rapidly to new global
audiences."
Al-Noor Ramji has extensive experience in large-scale transformations across
the banking, technology and software industries, successfully leading
organisations through phases of high growth and global expansion. He is a Tata
Motors Board member and former Group Chief Digital Officer of Prudential plc,
a listed global financial services group with over 18 million customers, where
he founded and built the first Asian and African platform-based ecosystem
businesses as well as the super app 'Pulse" for rapid growth of new generation
customers. Prior to this, Al-Noor managed technology funds for Silicon Valley
venture capital firm Northgate, and held CEO and EVP positions at Misys, BT
Group, Calypso Technologies and the Swiss Bank Corporation.
"Sygnum is entering a new phase of its operations where driving the
scalability and agility of its technology platform is central to enabling
future growth. I welcome the opportunity to contribute my experience to
Sygnum's Board and technology leadership as they continue to shape the
development of the global digital asset ecosystem," says
Al-Noor Ramji.
Both technology leaders join Sygnum at an important time. Following its
January USD 90m funding round and reaching the milestones of USD 2 billion
Assets under Administration and over 1,000 global clients, Sygnum is
accelerating its plans to further scale its secure digital platform, enter new
international markets and co-develop solutions with strategic investors. They
join the experienced Sygnum Board comprised of Sygnum Co-Founder and Chairman
Luka Müller, Vice-Chairwoman Gabriela Maria Payer, former MAS executive
committee member Chua Kim Leng, Sygnum Co-Founder Manuel Krieger, Swiss Life
board member Thomas Buess and former UBS Group CEO, Peter Wuffli.
Sygnum Co-Founder and Chairman Luka Müller adds, "I am delighted to
welcome Fernando and Al-Noor to the Sygnum Board and look forward to working
with them to further strengthen our technology leadership, governance and
innovation capabilities. "
ENDS
*Appointment pending FINMA and Sygnum EGM approval
About Sygnum
Sygnum is the world's first digital asset bank, and a digital asset specialist
with global reach. With Sygnum Bank AG's Swiss banking licence, as well as
Sygnum Pte Ltd's capital markets services (CMS) licence in Singapore, Sygnum
empowers professional and institutional clients or qualified investors (e.g.,
corporates, banks, and other financial institutions) to invest in the digital
asset economy with complete trust. Sygnum operates an independently
controlled, scalable, and future-proof regulated banking platform. Our
interdisciplinary team of banking, investment, and Distributed Ledger
Technology (DLT) experts is shaping the development of a trusted digital asset
ecosystem. The company is founded on Swiss and Singapore heritage and operates
globally. To learn more about Sygnum, please visit www.sygnum.com
(http://www.sygnum.com) .
Media Contact:
Stefanie Riedel
T: +41 58 508 20 18
E: stefanie.riedel@sygnum.com (mailto:stefanie.riedel@sygnum.com)
Sygnum Bank AG
Uetlibergstrasse 134a
8045 Zürich
Switzerland
Disclaimer: This document was prepared by Sygnum Bank AG. This document may
contain forward looking statements and may be subject to change. The opinions
expressed herein are those of Sygnum Bank AG, its affiliates, and partners at
the time of writing. The document is for informational purposes only and
contains general material. It is for use by the recipient only. It does not
constitute any advice or recommendation, an offer or invitation by or on
behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not
intended to be used as a general guide to investing and should be used for
informational purposes only. When making an investment decision, you should
either conduct your own research and analysis or seek advice from an expert to
make a calculated decision. The information and analyses contained in this
document have been compiled from sources believed to be reliable. However,
Sygnum Bank AG makes no representation as to its reliability or completeness
and disclaims all liability for losses arising from the use of this
information.
End of Media Release
Disclaimer: This document was prepared by Sygnum Bank AG. This document may
contain forward looking statements and may be subject to change. The opinions
expressed herein are those of Sygnum Bank AG, its affiliates, and partners at
the time of writing. The document is for informational purposes only and
contains general material. It is for use by the recipient only. It does not
constitute any advice or recommendation, an offer or invitation by or on
behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not
intended to be used as a general guide to investing and should be used for
informational purposes only. When making an investment decision, you should
either conduct your own research and analysis or seek advice from an expert to
make a calculated decision. The information and analyses contained in this
document have been compiled from sources believed to be reliable. However,
Sygnum Bank AG makes no representation as to its reliability or completeness
and disclaims all liability for losses arising from the use of this
information.
End of Media Release
1395551 12.07.2022
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