Sandie O’Connor, the previous chief regulatory affairs officer for JPMorgan Chase, is becoming a member of Ripple’s board of administrators, the corporate introduced Tuesday.
O’Connor will present counsel on “authorities relations and regulatory initiatives” for the corporate’s subsequent section as Ripple expands and seeks regulatory readability in america, it mentioned.
No matter choice the agency in the end makes, O’Connor brings appreciable regulatory and risk-management chops. Throughout her time at JPMorgan, she served on a number of firm-wide governance committees together with those overseeing threat and capital. She joined JPMorgan in 1988, and through her over three-decade lengthy profession additionally “led engagement with G-20 regulators and policymakers” for the financial institution, Ripple mentioned. She retired from the establishment in April 2019, in line with her LinkedIn profile.
O’Connor nonetheless sits on advisory committees of the Federal Deposit Insurance coverage Corp. and the Workplace of Monetary Analysis, an unbiased bureau created throughout the Treasury Division to observe systemic dangers after the 2008 international monetary disaster.
She seems to have crammed the seat on Ripple’s board vacated by Ken Kurson, who was arrested on cyberstalking costs in October, in line with a report by the New York Instances. Reportedly an in depth ally of the Trump household, Kurson additionally based a crypto and blockchain information web site referred to as Fashionable Consensus. Ripple didn’t instantly reply to a request for remark.
As soon as a prime lieutenant to JPMorgan CEO Jamie Dimon, O’Connor additionally appeared repeatedly on American Banker journal’s annual ranking of probably the most highly effective girls in banking.
On Ripple’s board, she is going to serve alongside former New York regulator Ben Lawsky, architect of the state’s BitLicense rules, former diplomat Anja Manuel, and monetary companies trade veterans Yoshitaka Kitao and Craig Phillips, amongst others.
UPDATE (Dec. 15, 00:35 UTC): Added hyperlinks to GitHub contributors web page for XRP Ledger and Ripple’s newest quarterly market report.