After being promoted to CFO of the Commonwealth Bank of Australia less than a year ago, Rob Jesudason has announced that he’ll be resigning and joining Block.one, the company behind EOS. His departure from the CBA came after six and a half years working with the company.
“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. His alignment with our organizational priorities of creating compliant, high-performance blockchain solutions is an ideal fit for Block.one, and is an exciting conclusion to our thorough search for the right individual,” said Block.one CEO Brendan Blumer.
Jesudason enters the blockchain company as the COO and group president.
The recent problems encountered by CBA and the $1 billion fine it faced from the Australian Prudential (LON:PRU) Regulation Authority may have influenced him to seek greener pastures. He doesn’t lack passion for blockchain technology either.
“The market’s strong response to Block.one’s approach has resulted in it being one of the fastest-growing organizations in the world, and this will inform our operational growth strategies going forward,” Jesudason said.
Block.one has been doing something right, as EOS continues to climb the cryptocurrency ladder and surpassing Litecoin in market capitalization.
Brendan Blumer had so much faith in EOS that he announced $1 billion in funding from Block.one’s token sales to be distributed to projects that are built on the cryptocurrency’s blockchain last year before it even broke as much in its market capitalization.
This eventually led to a snowball effect that led to the coin being listed in a vast amount of exchanges, including OKCoin, whose parent company offered another $100 million to the pile of funding that new projects in EOS would get.
This article appeared first on Cryptovest
