(Bloomberg) -- UBS Chief Information Officer Oliver Bussmann, a driving force behind the bank's effort to develop the bitcoin technology for the industry, is leaving the Swiss lender.

Chief Operating Officer Axel Lehmann will take the role until a replacement is found, UBS said in a memo seen by Bloomberg Wednesday. It didn't say what Bussmann's plans were. A spokeswoman confirmed the memo's contents, declining to elaborate.

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