Not long ago, UBS lost one of its top executives in China. The former top banker now resurfaced at a Singapore-based cryptocurrency firm.
Karen Chen in March 2015 took the chair of UBS China’s supervisory board. She accepted the position in addition to her duties as head of private asset management in China. Now, she decided to turn her back on the traditional banking business.
Cryptocurrencies It Is
Chen has now has taken up the position as CEO of Higgs Block Technology, based in Singapore, where she started as early as December 2017, according to a «Bloomberg» report. The company, founded in August 2017, specializes in cryptocurrency startups.
The company is involved in establishing a market for trading digital «tokens» but also offers private banking services.
