SEBA Bank, a Switzerland based bank licensed by FINMA that seeks to bridge digital assets and more traditional ones, has announced that its Chairman of the Board of Directors has stepped down. According to a release, Andreas Amschwand has decided to exit the board and to “focus on other mandates.” In his place, Sébastien Mérillat, founder and Member of the Board at SEBA Bank will step in as interim Chairman.
Amschwand has led SEBA as Chair since 2018.
Sébastien Mérillat, Vice-Chairman of the Board, stated:
“On behalf of the Board of Directors, I want to extend our deepest gratitude to Andreas Amschwand for his significant contribution to SEBA Bank. Under his leadership, we have set up a fully licensed bank with state-of-the-art trading and digital custody capabilities. We wish him all the best for his future endeavours.”
Mérillat will be proposed as the interim Chairman in the upcoming Board meeting until the search underway for the Chairperson is completed.
Headquartered in Zug, Switzerland, ZEBA was founded in 2018. In August 2019, SEBA received a Swiss banking and securities dealer license – the first time Swiss regulatory FINMA had granted a license to a financial services firm with a focus on digital assets and crypto.
In May, SEBA Bank announced a new strategic partnership with technology platform Tokensoft International AG (Tokensoft) for asset tokenization.
SEBA Bank was also recently selected by Banque de France for experiments with Central Bank Digital Currency (CBDC).
