DAG Global

DAG Global Onboards Tim Davies as Chief Risk Officer

DAG Global - Tim DaviesDAG Global, a  UK based start-up financial service provider which provides banking and trading services for digital assets has announced the addition of new executive to its senior level leadership team. As per statement released by the firm, it has onboarded Mr. Tim Davies to serve as its Chief Risk officer. The incoming executive is a veteran with more than three decades of experience in financial services industry and joins the firm at a crucial time in order to help regulate is regulatory business plan. The start-up has applied for UK banking license to become UK’s first merchant bank for digital economy. The firm has recently been in active dialogue with the Prudential Regulatory Authority in order to obtain its UK banking license as per details revealed by the firm’s official statement.

Tim who’s addition to the leadership team is effective immediately is an expert in risk management operations and has served in senior-level leadership and management teams of leading financial service providers such as Rothschild, Midland Bank, Deloitte, Lloyds TSB and ICAP. Mr. Davies also holds a successful track record in Credit and Operational Risk Management combined which he achieved owing to his strong regulatory knowledge and deep understanding of working mechanism behind derivatives, fixed income, FX, commodities, and collateralized instruments. He is also a well known and recognized participant in numerous industry conferences and has published many papers related to his field.

Commenting on Tim’s addition to DAG Global, Sean Kiernan – Chief Executive Officer of DAG Global said, “The recruitment of Tim, an experienced industry leader, is an important step for DAG Global as we build out what we hope will be the UK’s first merchant bank for the digital economy. We are progressing well with our UK banking license application and look forward to being able to bring high touch, responsive banking to a fast-growing and critically underserved digital market”.

To those hearing about the firm for the first time, DAG Global is a start-up established in 2018 and is known in the industry as the first fully integrated financial service group which acts as a bridge between traditional fiat currency banking and trading activities with emerging digital assets and Cryptocurrencies. The firm provides banking services for fintechs, SME’s, digital asset businesses and also facilitates entry into the emerging blockchain economy for existing regulated financial services firm. The team at DAG Global is made up of executives who are expert in regulated banking and fintech services which allows them to operate at a scenario where many next gen technologies such as AI, data science and blockchain converge bringing about evolutionary changes to the crypto economy and financial industry.