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Marie Young has been named chief investment officer of Bayshore Global, the family office of Google co-founder Sergey Brin, elevating the former Goldman Sachs Group Inc. analyst to a post overseeing the fortune of one of the world's most powerful billionaires. According to her LinkedIn page, Young, 35, joined the Silicon Valley firm from Goldman Sachs nearly a decade ago and served as deputy CIO for the previous two years. Young and a representative from Bayshore did not reply to calls for comment. Brin, 48, has a net worth of $111.1 billion, according to the Bloomberg Billionaires Index,...

Brin, 48, has a net worth of $111.1 billion, primarily thanks to his 6% stake in Alphabet Inc. worth about $97 billion.

News This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China crackdown: Week 7 The summer of crackdowns continued this week, making it seven weeks since the initial announcement on May 18 that virtual currencies were a risky investment and financial institutions should not provide services for them. The crackdown appears to be having a desired effect as public interest in the asset class is cooling. This i...