Apollo Global Management Inc. is starting a new digital-asset strategy and hiring one of the industry’s longest-standing executives for the task. She’s a business leader with “over a half decade proven track record in blockchain technology, crypto, NFTs, DeFi, and the metaverse”, as stated in her Linkedin profile. After 18 years she left JPMorgan in February as its global head of metaverse within the bank’s Onyx team to join Apollo Global Management.
Christine Moy has joined the company, which is one of the world’s largest private investment firms, as partner and head of digital asset strategy to help the firm invest in blockchain and web3 startups.
“After over a half-decade laying the foundations for blockchain-based infrastructure across financial markets and cross-border payments, creating new businesses that have already scaled into the $USD billions at J.P. Morgan, I am looking to challenge myself further by finding new opportunities to create value and drive impact for the Web3/crypto ecosystem from a new angle,” these are her words reported in a CNBC article.
And she’s not the only one. According to CNBC, as “major banks are building out teams dedicated to cryptocurrencies and the underlying blockchain technology”, start-ups are starting to court talent from those very same banks. And, despite operating in a more risky environment, they are succeeding.
Uniswap Labs chief operating officer Mary Catherine Lader is a case in point. Lader left her job as a managing director at BlackRock last year to take the opportunity to work in the more innovative field of emerging decentralized cryptocurrency exchange. Similarly, former head of digital asset markets at Goldman Sachs Justin Schmidt chose to switch his carrier by joining institutional crypto trading platform Talos.
A phenomena that we need to keep monitored, for sure.
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