According to an internal memo sent by JPMorgan’s Head of Blockchain Initiatives Umar Farooq, Amber Baldet, who oversaw development of JPMorgan’s permissioned blockchain platform, Quorum, is leaving the company.
Baldet, who was ranked among CoinDesk’s Most Influential in Blockchain in 2017, led JPMorgan’s Blockchain Center of Excellence since its inception in 2015. In her role at JPMorgan, Baldet led product development for Quorum and was tasked with helping set the corporate and investment bank’s blockchain strategy. She also oversaw partnerships behind zcash, cryptocurrencies and contracts, and with the Enterprise Ethereum Alliance. Baldet also appeared on Fortune’s 2017 “40 Under 40” list, which highlights the most influential young people in business.
She will be succeeded by Christine Moy, who is a senior product manager.
A JPMorgan spokeswoman said in a statement to Reuters that “Amber is extremely talented and helped build the outstanding team we have today. We respect her desire to start her own venture and we wish her nothing but the best.”
Here is the full text of the memo that Farooq wrote:
Blockchain Center of Excellence Leadership Update
I want to share that Amber Baldet has decided to pursue an entrepreneurial opportunity outside the firm. Christine Moy will succeed Amber as the program lead for the Blockchain Center of Excellence (BCOE).
Amber has been an integral part of developing our blockchain capabilities and helped build out the BCOE and the outstanding team that we have today. We thank her for her leadership and contributions to the CIB and the firm.
I also want to congratulate Christine on her new role. She has worked with Amber and the BCOE from its inception and is a blockchain thought leader. Most recently, she has been leading blockchain product development across our Investor Services and Capital Markets businesses. We are thrilled to have such a strong successor in our ranks.