Trio of JP Morgan Execs Go away For Crypto Jobs

Whilst crypto corporations shed employees and search chapter safety in a brutal market

downturn, executives from conventional finance are nonetheless heeding the siren music of Web3.

Former JP Morgan executives Eric Wragge, Puja Samuel, and Samir Shah have all left the storied monetary establishment.

“I’m thrilled to share that I’ve began with the Digital Forex Group as Head of Company Growth,” Samuel posted on LinkedIn yesterday. “I’m excited to assist construct out new strategic partnerships alongside an energized staff that’s driving change throughout the monetary system.”

Earlier than becoming a member of Digital Forex Group, the guardian firm of Coindesk and digital forex funding agency Grayscale, Samuel acted as Head of Ideation and Digital Innovation at JP Morgan.

“I want to thank my former colleagues at JP Morgan for an incredible and intensely fulfilling three years and in addition my former colleagues at Citi, Citi Ventures, and New York Life Ventures for being part of my skilled journey,” Samuel added.

Eric Wragge, a former managing director at JP Morgan, joined the Web3 world by way of the Algorand Basis. Based on a post by Algorand, which is developing a cryptocurrency protocol and the ALGO coin, Wragge will chair the inspiration’s funding committee and lead international initiatives and strategic partnerships in each conventional capital markets and decentralized finance.

“Coming from a number one international funding financial institution, I perceive the uncompromising efficiency necessities for a Layer 1 blockchain to compete towards and enhance upon many facets of conventional finance,” Wragge stated yesterday within the launch.

Lastly, former JP Morgan banker Samir Shah introduced on Monday that he had left the funding financial institution to change into chief working officer at Web3 funding agency Pantera Capital.

“After 12 incredible years with JPMorgan, it’s bittersweet for me to share that I’ll [be] beginning a brand new skilled chapter,” Shah posted on LinkedIn. “I’m thrilled to share that I will likely be becoming a member of Pantera Capital as Chief Working Officer.”

Earlier than becoming a member of Pantera Capital, Shah acted as the pinnacle of asset administration gross sales and digital options at JP Morgan. His transfer was first reported by Coindesk.

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