JPMorgan’s Blockchain Lead Quits to Kickstart Her Own Startup
@JPMorgan’s #Blockchain Lead Quits to Kickstart Her Own Startup
@Amber Baldet, a key executive of @JPMorgan ’s #blockchain business, is stepping down for greener pastures. Baldet was the architect of JPMorgan’s blockchain strategy, having sat at the helm of the bank’s Blockchain Center of Excellence. She is reportedly leaving to launch her own firm on the heels of reports suggesting that JPMorgan may be spinning off its enterprise blockchain project dubbed Quorum, which Baldet was basically the face of. The latest executive shakeup suggests there could be more defections to come at the bank, whose CEO Jamie Dimon infamously rebuffed bitcoin last year (but later backpedaled.) JPMorgan didn’t waste any time in naming Baldet’s successor. According to an internal JPMorgan memo obtained by Reuters, she will be replaced by fellow Blockchain Center of Excellence official and senior product manager Christine Moy, who incidentally was hired by Baldet, according to Fortune. The memo said Baldet was leaving for an “entrepreneurial opportunity” but didn’t say whether it was blockchain related. It was penned by Umar Farooq, who earlier this year boasted about the inroads JPMorgan’s blockchain business was making.