A former veteran of UBS in Asia will oversee a blockchain start-up’s development in the region.
Diginex is hiring Chi-Won Yoon (pictured below) as its chairman in Asia, the Hong Kong-based crypto firm said in a statement. A 22-year-veteran of UBS, Yoon left his job as vice-chairman of the Swiss bank’s activities in Asia last year.
Yoon is well-known in investment banking circles: he established the equity derivatives business in Asia, then ran its equities and securities businesses in the region. He also over saw UBS in Hong Kong as its country head.
(Image: Wikimedia Commons)
Swiss Mining Ties
He isn’t the first former UBS banker to be hired by Diginex: last year, the start-up hired equities banker Shane Edwards as its head of investment products.
Diginex aims to build a digitalen investment bank, wants to seen a Nasdaq listing via a merger with investment firm 8i, and also maintains ties to Switzerland: according to media reports, the start-up cooperates with Alpine Mining, which mines cryptocurrencies in Gondo, a remote town on the Swiss-Italian border.