UBS's Blockchain Guru Bussmann Leaves Amid COO Reshuffle

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UBS Group AG Chief Information Officer Oliver Bussmann, a driving force behind the bank’s effort to develop the bitcoin technology for the industry, has resigned.

Bussmann’s departure was one of several personnel changes announced by new Chief Operating Officer Axel Lehmann in an internal memo seen by Bloomberg Wednesday. A spokeswoman confirmed the contents of the memo, which said Bussmann has decided to “take advantage of new opportunities outside of UBS.”