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Former CIO of UBS Oliver T. Bussmann joins the IOTA Foundation

It was announced today by IOTA, a next-generation blockchain based on The Internet of Things that Oliver Bussmann, a globally recognized technology thought leader and driver of large-scale transformation at multinational organizations will join the IOTA Foundation. Oliver is the Founder and Managing Partner of Bussmann Advisory, he advises enterprises, top-tier consultancies, and financial services companies looking to stay ahead of the digital disruption curve.

He also holds important mandates in industry associations, including as President of the Swiss Crypto Valley Association, Global Ambassador for UK-based Innovate Finance
and as a Board Member of Identity 2020. From 2013 to 2016 Bussmann was Group Chief Information Officer of UBS, where he successfully led a major IT transformation effort, instituted a new group-wide innovation framework and established UBS as a pioneer in the development of blockchain for use in financial services. Prior to joining UBS Bussmann was Global Chief Information Officer at SAP, where he also spearheaded significant technological transformation, and before that CIO for North America & Mexico at Allianz. Previous roles have included executive positions at Deutsche Bank and IBM.

Oliver T. Bussman joins IOTA

Bussmann’s achievements have been widely recognized. He was named COO/CTO of the year by Financial News/The Wall Street Journal, European CIO of the Year by INSEAD/CIONET, received the Elite 8 Award, which is given to the most innovative leaders in technology working in capital markets by the Wall Street & Technology Magazine, and has twice been included on the Financial News “FinTech 40” list of innovators shaping the future of finance.

On joining IOTA, Mr. Bussman said:

“I’m very excited to join the IOTA Foundation and project which has such a great potential also to be successful in the FinTech sector and community. I’m thrilled to join the other seminal forward-looking thinkers in IOTA which are leading in their respective fields and I look forward to collaborating with them on driving the adoption of IOTA.”

David Sønstebø, Founder of IOTA stated:

“We are thrilled to have one of the world’s foremost financial technology thinkers and actors with such gravitas and senior experience from world leading companies join the project. As IOTA has zero fees it is already a natural marriage with FinTech. The old financial legacy systems are rapidly being disrupted, and IOTA is part of spearheading that, Oliver will be a great asset in boosting this effort and ensuring great collaboration and adoption in this field and beyond. Give him a warm welcome!”