SETL, a London-based , announced today that it has a new Chief Executive Officer and – Philippe Morel.
Morel will be replacing the current CEO and co-founder , who will become the President of the company. In this role, he will help Morel in his duties in regards to international business, marketing and investor & public relations.
Morel ends his 26-year tenure at BCG to join SETL
Morel’s appointment ends his more than 26-year-long tenure at the (BCG). Originally joining the firm in 1992, he has held a number of roles at the firm including Senior Partner, Managing Director, Global Head of Capital Markets and most recently, Private Equity and Principal Investment Leader for Europe, Middle East and Africa (EMEA) region.
Established in July of 2015, SETL provides a multi-asset and multi-currency infrastructure based on blockchain technology. The system allows market participants to move cash and assets directly between one another.
Source: SETL
Source: LinkedIn
“The company has already received significant interest in our OpenCSD product and continues to develop market infrastructures, like IZNES, which now has over 25 major European fund managers participating and is likely to become the largest global blockchain by both value and volume as more managers migrate to it. In addition, a SETL powered CSD has received approval from the AMF (French Financial Markets Regulator) to operate and permission from T2S to connect to the European Securities Settlement System.”
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