Crypto Firm Diginex Hires Ex-UBS Executive Yoon as Asia Chairman

(Bloomberg) -- Diginex Ltd., a Hong Kong-based cryptocurrency and blockchain services company, has hired former UBS Group AG executive Chi-Won Yoon ​as its chairman of Asia.

Yoon was most recently vice chairman of UBS Wealth Management and announced his retirement from the firm last year, Diginex said in a statement viewed by Bloomberg. He had previously held roles including president and chief executive of UBS AG, Asia Pacific, and was a member of the UBS Group executive board from 2009 to 2015, the statement said.

“Digital assets and blockchain technology have huge potential for growth over the next decade and Diginex is a pioneer in this space,” Yoon said in the statement. He will be based in Hong Kong.

Diginex hired ex-UBS Investment Bank managing director Shane Edwards in January as Head of Investment Products, based in London.

Diginex is in the process of going public in the U.S. through a reverse merger with 8i Enterprises Acquisition Corp. first announced last year. Diginex will be listed on Nasdaq following the deal with 8i.

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