Copy link
Increase text size
Decrease text size
Link copied

Digital asset merchant bank DAG Global hires banking industry veteran as new chief risk officer

Image by DAG Global

Wed, 18 Mar 2020, 15:50 pm UTC

DAG Global, a digital asset merchant bank, just hired a banking veteran to strengthen its leadership team.

DAG Global announced in a press release shared with Finextra that it just hired Tim Davies as its new chief risk officer. He is expected to help the bank as it fine-tunes its Regulatory Business Plan and continues with the Prudential Regulatory Authority to obtain the U.K banking license that it desired.

“The recruitment of Tim, an experienced industry leader, is an important step for DAG Global as we build out what we hope will be the UK’s first merchant bank for the digital economy. We are progressing well with our UK banking licence application and look forward to being able to bring high touch, responsive banking to a fast-growing and critically underserved digital market,” said Sean Kiernan, chief executive of DAG Global.

Davies has over three decades of risk management experience. Prior to joining DAG Global, he handled the same role with Rothschild, Midland Bank (now HSBC), Deloitte, Lloyds TSB, and ICAP. He also has an impressive track record in Credit and Operational Risk Management. That’s not all; Davies has substantial regulatory knowledge and impressive judgment when it comes to derivatives, fixed income, FX, commodities, and collateralized instruments. He has presented at various industry conferences and even published papers within the field.

DAG Global has applied to obtain a full banking license to be the first digital assets merchant bank. In its website, it stated that it aims to deliver “next-generation merchant banking solutions to the underserved fintech, digital and SME sector, by re-establishing the historic and trusted connection between bank and client to promote dynamic and sustained future growth.”

It also announced that it applied to the PRA to obtain a full U.K. banking license, so it can offer a full suite of classic products and services across digital and fiat currencies and asset classes.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.06.24 23:25:52
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all ...........................................................................................................................................
  • 0
  • ·
  • 0
  • Bitcoin (BTC) $36,642.50 (+1.08%)
  • Ethereum (ETH) $1,257.41 (+0.94%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Cardano (ADA) $0.371500 (-3.70%)
  • Litecoin (LTC) $152.14 (+5.75%)
  • Bitcoin (BTC) $36,642.50 (+1.08%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.