On Friday 11th May, the Chief Financial Officer [CFO] of Commonwealth Bank of Australia [CBA], Rob Jesudason announced his resignation with immediate effect after holding the same post for less than a year. Rob Jesudason has apparently signed on with the firm who were the founders of the world’s fifth largest cryptocurrency in the market today, Block.one. Earlier he has worked for J.P. Morgan, CBA in Hong Kong and other major firms in the industry.
On Monday Matt Comyn, the CEO of Commonwealth Bank of Australia has said that he is very pleased to have someone of Alan’s potential and experience to take office as the CEO while they complete an internal and external search for the position. They have been making progress with the renewal of the bank’s executive team and he expects to provide an update on appointments to the best of his leadership team in the following weeks.
Alan Docherty is going to take Rob Jesudason’s position as the Commonwealth bank’s CFO on an intern basis while the bank considers internal and external candidates for the position. Alan Docherty was the Chief Financial Officer of the Commonwealth Bank of Australia’s Institutional Banking and market business. Rob is going to be returning to Hong Kong to take charge as the new Chief Operating Officer and Group President of Block.one.
Block.one is the private firm which has developed both the EOS token and the blockchain technology behind it. EOS has is the fifth most valuable crypto-asset with a market capitalization amounting to $12.8 billion. Block.one is currently developing the EOSIO platform to be released as an open source software on 1st of June.
At 7:30 AM UTC, EOS was currently trading at $14.02 with prices falling slightly at the rate of 1.37%. There has been more two dollars drop in the price of EOS since the last one week.
Brendan Blumer, the CEO of Block.one says:
“Rob jesudason had ideal skills for the tech-related role in the firm. He has a proven track record of success in global financial services, he also has been involved in the innovation and facilitied regulatory advancement enabling the adoption of new technology in the industry.”
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