Libra Appoints Stevan Bunnell As New Chief Legal Officer

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Stevan Bunnell (Courtesy: Twitter)
Stevan Bunnell (Courtesy: Twitter)

The Facebook-backed Libra is at it again. In the last three months of span, it has now appointed its second chief legal officer in form of Stevan Bunnell.

Stevan Bunnell is a former general counsel at the Homeland Security Department. He had earlier co-chaired the data privacy and security practice at O’Melveny & Myers in Washington.

“Steve is an outstanding lawyer and a great guy,” Werner said. “I decided that the role wasn’t the right fit for me.”

Werner explained that being general counsel for Libra would’ve required he give up his spot on the board of directors for Deutsche Bank Trust Co. and Deutsche Bank Trust Co. Americas, seats he’s “very much enjoyed over the past year.”

Libra’s evolving membership includes Facebook Inc., Lyft Inc., Uber Technologies Inc., and more than 20 other companies seeking to create a cryptocurrency payments network to win over skeptical lawmakers and regulators in the U.S. and Europe. Libra has touted its ability to deploy new technologies to help fight financial crime, Bloomberg reported.

“We are grateful to Steve for his many contributions to O’Melveny over the years—he will always be part of the O’Melveny community,” Bradley Butwin, re-elected earlier this year as chair of the firm, said in statement provided by email. “We wish him every success in his new and exciting role.”