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Fintech

UBS loses blockchain head to fintech startup

UK innovation chief is the latest executive to ditch the banking sector

UBS’s head of blockchain and UK group innovation has left to join a fintech startup, the latest example of a City tech executive choosing a career in Shoreditch over banking.

Peter Stephens left the bank in October to become chief information officer and head of Europe, the Middle East and Africa at DrumG, a blockchain business, according to his LinkedIn profile and a person familiar with the matter.

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