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UBS blockchain brain's next stop: BNY Mellon

Custody banks are considered to be among the financial institutions most under threat from the emergence of distributed ledger technology

Alex Batlin
Alex Batlin Photo: Credit: Micha Theiner

The world's largest custodian has emerged as the destination for the star UBS blockchain banker who is leaving in the autumn.

Alex Batlin will join BNY Mellon, which has $29.5 trillion worth of assets in custody and administration, later in 2016, according to people familiar with the matter. His job title and start date are unknown.

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