Former JPMorgan exec joins Ripple’s board

189
SHARES
1.5k
VIEWS

Related articles

[ad_1]

Sandie O’Connor, the previous chief regulatory affairs officer at banking large JPMorgan Chase, is becoming a member of Ripple’s board of administrators.

In keeping with a Ripple weblog put up published yesterday, O’Connor will “present counsel on key authorities relations and regulatory initiatives” as a part of her function on the board. O’Connor labored at JPMorgan for 31 years, serving as chief regulatory affairs officer and treasurer for the financial institution earlier than retiring in 2019. She has been a systemic decision advisory committee member for the Federal Deposit Insurance coverage Company, or FDIC, since July.

CEO Brad Garlinghouse mentioned O’Connor’s “in depth community and in-depth understanding of markets, capital flows and banking” would assist Ripple construct “a extra inclusive monetary system.”

“The U.S. wants a single clear regulatory framework for crypto that ranges the taking part in subject and helps American innovation and firms,” mentioned Garlinghouse, stating the addition of O’Connor might assist the agency towards this path.

Garlinghouse and Ripple’s co-founder Chris Larsen have each beforehand acknowledged the shortage of regulatory readability from the USA might drive the agency to maneuver its headquarters from San Francisco to a different nation. Ripple opened a regional office in Dubai final month and a board member has stated Japan stands out as the “most promising candidate” for the corporate’s new headquarters.