Three JP Morgan executives, Eric Wragge, Samir Shah, and Puja Samuel, left the financial giant last week for a job in the crypto industry.
JP Morgan, the world’s most powerful bank and government-influenced bank around the world, lost three executives in the crypto industry this week.
Why are they leaving? Because cryptography is the future.
— Aleksandra Huk (@HukAleksandra) July 12, 2022
Puja Samuel
Puja Samuel will leave the financial institutions of the Digital Currency Group to head the corporate development department. Digital Currency Group is the parent company of Grayscale and Coindesk.
She announced the next move LinkedInAnd she revealed that her new company would help “build a new strategic partnership.”
Samuel was responsible for JP Morgan’s ideas and digital innovation.
Samil Shah
Samir Shah left JP Morgan 12 years later to become Chief Operating Officer of Panthera Capital. Panthera Capital is a crypto-focused investment company.
Shah was responsible for JP Morgan’s asset management and sales and digital solutions.
Eric Ludge
Eric Wragge, a former managing director of JP Morgan, I participated Algorand Foundation. He leads strategic partnerships with global initiatives and chairs the Foundation’s Investment Committee.
Capital Markets Solutions, DeFi, Capital Markets Access and Integration, Investor Public Relations, and Teams Working in the Chief Economist’s Office will report directly to Wragge and to Foundation CEO Staci Warden.
The Algorand Foundation is behind the Algorand network and ALGO tokens.
Top executives set out for crypto work
The three executives who leave traditional financial institutions within a week are new, but this isn’t the first time top executives have left a traditional company for a Web3 project.
Earlier this year, three executives Leaving googleParticipating in two web3 projects.
Ryan Wyatt, Head of Games for YouTube, has become CEO of Polygon Studios. Another YouTube executive, Jamie Byrne, senior director of the Creator Partnership, has also set out for the NFT platform Bright Moments.
All of these moves are happening despite traditional companies striving to set up a Web3 division.
