Former Westpac Treasurer Curt Zuber. PETER BRAIG
Australian Financial Review – Sarah Thompson, Kanika Sood and Emma Rapaport
Fintech Imperium Markets has put together a top-notch independent advisory board to help it engage with the banks and regulators as more financial market participants explore trading and settling transactions with blockchain technology.
The new board will be headed up by Imperium chairman Rod Lewis, former Westpac treasurer Curt Zuber and former MBIA UK Insurance chairman and chief executive Chris Weeks.
Zuber is also on the advisory board of the Australian Office of Financial Management which issues debt securities on half of the Australian government. The 25-year Westpac veteran retired from the bank in 2021.
“The establishment of our Independent Advisory Board coincides with an acceleration of the acceptance of digital technology in financial markets both here and internationally,” Lewis said.
“Chris and Curt bring diverse and complementary experience that will ensure our focus on the financial markets digital transition proceeds in a manner that delivers efficiency gains for all market participants.”
Imperium, which received a tier 2 financial markets licence from ASIC in 2017 allowing it to create a market for debt securities, counts all the major banks as customers. It was also the use case in the RBA’s Central Bank Digital Currency pilot last year and has been working on a pilot research project into how the ‘tokenisation’ of assets and settlements can benefit Australia’s money and debt capital markets.
The fast-growing fintech is run by chief executive Stu Burns; chief information officer Paul Missio; and head of institutions Jala Burns.
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