Crypto Bank Seba Names Directors
A crypto bank being formed in Switzerland disclosed a host of well-known finance representatives and a former regulator as board members.
Seba Crypto wants to be the first licensed and regulated bank for digital assets, and applied to Swiss regulator Finma, as finews.com reported in September. The newly-created firm on Thursday named five board directors.
Ex-UBS foreign exchange boss Andreas Amschwand will chair the body. Amschwand recently flagged his retreat next year from Julius Baer, where he currently sits on the board. Other Seba directors are Reto Kunz, Sébastian Mérillat, Guy Schwarzenbach and Urs Zulauf an.
Mérillat and Schwarzenbach are among the investors who pumped 100 million Swiss francs ($100.2 million) into Seba to get the project off the ground. Kunz was previously the risk boss of Ticino-based Banca della Svizzera Italiana, or BSI, which disappeared into EFG International last year. Zulauf is a former long-standing top executive with Swiss regulator Finma who most recently worked as a lecturer and for Credit Suisse.