Libra Networks Hires Credit Suisse Executive as General Counsel

Libra Networks, a subsidiary of a digital currency network that includes Facebook Inc. and other top technology companies, has named former Credit Suisse executive Saumya Bhavsar as its new general counsel.

The subsidiary is owned by Geneva-based Libra Association, a member organization working to develop a blockchain-based payment system for financial services innovation. Libra Networks manages the operations of the licensed Libra payments system.

Bhavsar’s hiring comes after the Libra Association in August brought on Stevan Bunnell, a former general counsel at the Homeland Security Department, as its chief legal officer. Prior to that, Bunnell had worked at O’Melveny ...