Reuters reported that Amber Baldet, who oversaw development of JPMorgan’s blockchain platform, Quorum, is leaving the financial institution, according to an internal memo sent Monday by Umar Farooq the bank’s head of blockchain initiatives.
Baldet headed up JPMorgan’s Blockchain Center of Excellence since its inception in 2015. She oversaw partnerships with the company behind zcash, with the Initiative for Cryptocurrencies and Contracts and with the Enterprise Ethereum Alliance.
Farooq wrote that Christine Moy, a senior product manager with the center, will take over Baldet’s position, according to the memo. Moy worked with Baldet and the center from the start and has been leading blockchain product development across JPMorgan’s investor services and capital markets businesses,
A JPMorgan spokeswoman said in a statement 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.”
At the time of writing no details were available on Baldet’s next project.