Bob Wigley, the Chairman of UK Finance, has joined the Board of Directors of R3.
UK Finance is a group that advocates on behalf of the UK financial services industry, representing over 300 individual firms. The group aims to drive innovation and help to shape the future of finance.
R3 is an enterprise-focused blockchain firm that aims to “enhance connectivity within financial markets, driving greater efficiency and effectiveness across the industry.”
Wigley has chaired UK Finance for the last six years and has joined R3 after leading the UK Finance digital tokenization task force. He was previously EMEA Chairman of Merrill Lynch, where he was a member of the boards of the Bank of England, Euroclear, and LCH.Clearnet. Wigley is also an Honorary Fellow at Judge Business School within Cambridge University’s Centre for Alternative Finance.
R3 says that Wigley will help drive further adoption of R3’s offerings. The company recently launched R3 Digital Markets, a product designed to help firms generate value across digital assets and digital currencies.
Wigley said that R3 is the catalyst behind CBDCs and other real-world tokenization projects, and he looks forward to working with the team to drive adoption around the world.
“We’re excited to welcome Bob to the R3 board of directors. His extensive experience in progressing regulated financial infrastructure is crucial as we build the foundations for interoperable regulated networks,” said David E. Rutter, CEO at R3. “His insight and strong industry connections will be an invaluable addition to our board, at a time when R3 is working with financial institutions and FMIs to digitise global markets.”