CBA chief’s shock move to cryptocurrency firm

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CBA chief’s shock move to cryptocurrency firm

Commonwealth Bank CFO Rob Jesudason has Resigned to take up a role at Blockchain software publisher Block.one.

Block.one is the publisher of the EOSIO blockchain software and seller of the EOS token, a top-five cryptocurrency by market cap at approximately US$12.4 billion.

CBA said Jesudason’s resignation was effective immediately and he would “pursue an external role in Hong Kong”.

Block.one has released a statement saying Jesudason will be a member of the company’s Board of Directors and be responsible for scaling the group’s global operations.

“Rob has a proven track record of success in global financial services, where he has been involved in industry innovation and facilitated regulatory advancement enabling the adoption of new technologies,” said Block.one CEO Brendan Blumer.

Jesudason joined CBA in 2011, his new employee’s mantra is “decentralise everything”.