Facebook’s project – Libra Association has hired Stevan Bunnel, a veteran of the United States Department of Homeland Security, as its new general counsel solely after 3-months of announcing his predecessor.
In line with a recent official report published by Bloomberg Law, Bunnel will replace Libra’s first-ever general counsel, Robert Werner, a former FinCEN staffer that was hired earlier in the month of May.
Werner added that Bunnel is “an outstanding lawyer and an excellent guy.”
Bunnel brings considerable experience to the role having hung out at Homeland Security as general counsel, and before that holding the position of managing partner of the Washington, DC, office of O’Melveny & Myers LLP, a leading global law firm.
Earlier within his career, Bunnel spent several years at the Washington DC, United States Attorney’s Office, according to his LinkedIn profile.
The general counsel role meant Werner would have had to offer up his seat on the board of directors at Deutsche Bank Trust Co., a designation he told Bloomberg was unwilling to give away.
The association has come under attack on multiple occasions from regulators & lawmakers over concerns the project poses a threat to the existing financial institution policies as well as the monetary sovereignty.