Sandie O’Connor, the previous chief regulatory affairs officer at banking large JPMorgan, is becoming a member of Ripple’s board of administrators.
Sandie O’Connor, the previous chief regulatory affairs officer at banking large JPMorgan, is becoming a member of Ripple’s board of administrators.
In line with a Ripple weblog put up revealed yesterday, O’Connor will “present counsel on key authorities relations and regulatory initiatives” as a part of her position on the board. O’Connor labored at JPMorgan for 31 years, serving as chief regulatory affairs officer and treasurer for the financial institution earlier than retiring in 2019. She has been a systemic decision advisory committee member for the Federal Deposit Insurance coverage Company, or FDIC, since July.
CEO Brad Garlinghouse stated O’Connor’s “intensive community and in-depth understanding of markets, capital flows and banking” would assist Ripple construct “a extra inclusive monetary system.”
“The U.S. wants a single clear regulatory framework for crypto that ranges the enjoying discipline and helps American innovation and firms,” stated Garlinghouse, stating the addition of O’Connor might assist the agency in direction of this path.
Thrilled to have Sandie be a part of our Board – along with her years of experience in regulatory affairs, treasury and monetary companies, she’ll be invaluable in serving to information Ripple by means of our subsequent part of progress. https://t.co/748JJADw0v
— Brad Garlinghouse (@bgarlinghouse) December 15, 2020
Garlinghouse and Ripple’s co-founder Chris Larsen have each beforehand acknowledged the shortage of regulatory readability from the USA might drive the agency to maneuver its headquarters from San Francisco to a different nation. Ripple opened a regional workplace in Dubai final month and a board member has acknowledged Japan could be the “most promising candidate” for the corporate’s new headquarters.