Karen Chen, former president of UBS China Ltd., has been appointed chief executive officer at Singapore-based blochchain company Higgs Block Technology PTE, Ltd.
Chen, whose Chinese name is Chen Qing, joined Higgs Block Technology in December, the latest among many other financial-industry veterans jumping ship to the burgeoning cyptocurrency space.
“There is a market need to disrupt the industry by integrating the cutting-edge technology with traditional financial assets and services to help sophisticated investors to bridge this gap,” Chen said in the statement.
Higgs Block was founded in August, 2017 and is subordinated to Higgs Group (Singapore). With blockchain technology at its core, Higgs Block aims to provide blockchain asset services of higher convenience and security to the world.
Higgs Block has five subsidiaries, Higgs Chain, BitUN Fintech, Higss Consulting, Higgs Exchange Group and Exchange Technology. The businesses of Higgs Block cover the application of blockchain technology, financial management consulting, and exchange one-stop solutions.
Chen previously was CEO China in Commonwealth Bank of Australia as well as senior positions across various functions at Standard Chartered Bank.
Karen Chen was named CEO of UBS China in 2015. Before that, she was CEO for China at Commonwealth Bank of Australia. Chen also held various positions at Standard Chartered Bank.