Goldman Sachs executive joins blockchain startup Chain

posted about 1 year ago
Blockchain startup Chain Inc. hired Goldman Sachs Group Inc.’s Tom Jessop as president, bringing aboard an executive who helped make the bank an early Wall Street investor in the bitcoin-related technology.

He joined Chain on Monday, reporting to Adam Ludwin, the chief executive officer, Ludwin said in a phone interview. Jessop, 50, who worked at Goldman Sachs for 17 years, was global head of technology business development and before that a senior leader in the principal strategic investments group, deciding what exchanges, electronic trading systems and financial-technology firms the bank would invest in.

Chain is one of several startups trying to entice industries from finance to health care and utilities with the promise that the digital-ledger software can radically improve how payments are tracked, securities and derivatives trades are processed, and health records are stored. Credit-card powerhouse Visa Inc. is one of Chain’s partners.

Jessop will split his time between Chain’s headquarters in San Francisco and its new office in New York, which Jessop will run, according to Ludwin.
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