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Commonwealth Bank CFO Rob Jesudason Quits to Join EOS Crypto

The former Commonwealth Bank CFO Rob Jesudason is joining Block One as chief operating officer and will assume role after his notice period.   

Commonwealth Bank CFO Rob Jesudason is now group president and chief operating officer of Block.one that sells EOS token and published the blockchain software called EOSIO.

Block.one released the announcement an hour later saying that Jesudason will assume the role later this year after the notice period. Commonwealth Bank said Jesudason was leaving “with immediate effect” to assume an external role in Hong Kong”. He served the bank for six-and-a-half years in the role of CFO for Institutional Banking and Markets business. Previously, he worked at IFS, Credit Suisse, JP Morgan, Barclays, GE Capital and McKinsey.

Alan Docherty is the new acting CFO of CBA according to their announcement.

The bank suffered scandals for much of 2018 due to admissions at the banking royal commission and the fallout from an ongoing fraud case filed by Austrac. This also include the string of technical faults in the recent months that have caused customers many problems.

Jesudason was quoted as saying that:

“the market’s strong response to Block.one’s approach has resulted in it being one of the fastest growing organizations in the world. And this will inform our operational growth strategies going forward”.

On his part, Jesudason said the market has responded to Block.one’s approach. Thus, it is resulting in its becoming “one of the fastest growing organizations in the world”. This, he said, would “inform our operational growth strategies going forward”.

The coin, which raised US$700 million in an ICO, saw solid performance recently.

This is one of the many recent hiring’s by cryptocurrency companies from traditional banking markets. Many other companies have sourced staff from the Wall Street as highlighted in our earlier article here.

What is your take on the recent hire by Block One. Will it improve operations? Let us know on Twitter.

Do you have crypto related story? Get Listed on Coinpedia.

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David

David Kariuki is a journalist who has a wide range of experience reporting about modern technology solutions including cryptocurrencies. A graduate of Kenya's Moi University, he also writes for Hypergrid Business, Cryptomorrow, and Cleanleap, and has previously worked for Resources Quarterly and Construction Review magazines.

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