JPMorgan hires former Microsoft chief investment officer to develop blockchain technologies

Tahreem Kampton worked at the technology company for 24 years, and previously he also served as corporate treasurer

10.09.2022 - 08:15

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What’s new? JPMorgan, a financial holding company, has hired former Microsoft executive Tahreem Kampton as a senior payments executive. He will focus on developing the company’s payment systems, including blockchain technologies, CoinDesk reports. Kampton spent 24 years at Microsoft, serving as head for foreign exchange and commodities, and later as corporate treasurer and chief investment officer.

CoinDesk’s material

What else is known about the new appointment? According to a JPMorgan statement, Kampton will work “with key partners in payments, blockchain and the digital ecosystem.”

The former Microsoft employee himself said in his welcome letter:

“We see a new landscape where information, assets and value flow seamlessly between physical, digital and virtual worlds – across borders, in outer space, and even in the metaverse.”

What is known about JPMorgan? It is one of the largest American financial holdings. Its core businesses include investments, commercial banking, asset management, and transaction processing. The holding company uses a blockchain called Link to exchange information between banks and its own JPM Coin asset to move tokenized US dollar deposits.

The holding has been actively entering the field of digital assets since 2020. That same year, the company created a blockchain division called Onyx. In May 2022, JPMorgan invested in Elliptic, a crypto asset risk management company. The holding company also became the first bank to open its own virtual lounge in the Decentraland metaverse.

In July, Samir Shah, JPMorgan’s head of asset management sales, left his post after 12 years of work. He moved to become Chief Operating Officer at Pantera Capital, a cryptocurrency hedge fund.

Also in September, cryptocurrency exchange Binance hired Henrique Meirelles, the former head of the Central Bank and the Brazilian Minister of Economy. Meirelles took over as a member of the exchange’s advisory board.

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