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The 2016 Fintech Finance 35: Hyder Jaffrey

< Fintech's Most Powerful Dealmakers of 201630. Hyder JaffreyHead, Strategic Investment and Fintech InnovationUBSPNR

The recent resignation of UBS senior innovation manager Alex Batlin (No. 28 last year) brought Hyder Jaffrey into the fintech spotlight at the Swiss banking giant, which has gained renown as a promoter of start-up activity and an advocate of blockchain technology. “I enjoy being an instigator of change,” says Jaffrey, a six-year UBS veteran based in London. After initially working on the UBS Neo multiasset trading platform, he turned his attention to blockchain and distributed ledger in 2014. As head of strategic investment and fintech innovation, the 52-year-old currently splits his time between the investment bank and UBS’s Crypto 2.0 lab at the Level39 accelerator in Canary Wharf. “The role today focuses on business model innovation — how capital markets business models can be innovated through the use of financial technology,” he says. In August, Banco Santander, Bank of New York Mellon Corp., Deutsche Bank, and ICAP joined UBS’s Utility Settlement Coin project for blockchain-based settlement of securities transactions. Jaffrey sees the effort as part of a medium- to long-term “evolution of a market space, but it is absolutely fundamental for seeing the benefits of the distributed ledger technologies that many people are talking about now.” Separately, UBS last year held a Future of Finance Challenge, offering prizes that included $50,000 to the winning entrepreneur, algorithm testing and analysis company Aesthetic Integration. This year UBS joined with Credit Suisse and other Swiss companies in supporting a fintech initiative within Zurich’s Kickstart Accelerator. Jaffrey knows entrepreneurship firsthand. After graduating from Loughborough University in the U.K. in 1988, he went into computer systems development and consulting. Melding those skills with a growing familiarity with financial markets, in 2002 he became CEO of start-up, web-based debt issuance platform Marketpipe. In 2007 the company was acquired by data and analytics provider Ipreo; Jaffrey stayed on as global head of fixed income until 2009 — just as the fintech phenomenon was beginning to take off.


 The 2016 Fintech Finance 35 Click below to view profiles
1. Jonathan KorngoldGeneral Atlantic2. Matthew HarrisBain Capital Ventures3. Jane GladstoneEvercore Partners4. James Robinson III & James
Robinson IV
RRE Ventures5. Steven McLaughlinFinancial Technology Partners6. Amy Nauiokas & Sean ParkAnthemis Group
7. Richard Garman &
Brad Bernstein
FTV Capital8. Gerard
von Dohlen
Broadhaven Capital Partners9. Darren CohenGoldman Sachs Group10. Hans MorrisNyca Partners11. Meyer (Micky) MalkaRibbit Capital12. Maria GotschPartnership Fund for New York City
13. Barry SilbertDigital Currency Group14. Jay ReinemannPropel Venture Partners15. Mariano BelinkySantander InnoVentures16. Justin Brownhill & Neil DeSenaSenaHill Partners17. François RobinetAXA Strategic Ventures18. Vanessa ColellaCiti Ventures
19. Michael SchleinAccion International20. Kenneth MarlinMarlin & Associates21. Rumi MoralesCME Ventures22. Alastair (Alex) RampellAndreessen Horowitz23. Steve GibsonEuclid Opportunities24. Fabian VandenreydtSWIFT
25. Vladislav SolodkiyLife.SREDA26. Gardiner Garrard IIITTV Capital27. Nektarios LioliosStartupbootcamp Fintech28. Lawrence WintermeyerInnovate Finance29. Bina KalolaBank of America Merrill Lynch30. Hyder JaffreyFintech Innovation
31. Calvin ChoiAMTD Group32. Janos BarberisFinTech
Hong Kong33. Jalak JobanputraFuture Perfect Ventures34. Sopnendu MohantyMonetary Authority of Singapore35. Oskar Mielczarek
de la Miel
Rakuten
FinTech Fund