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Commonwealth Bank’s CFO Abruptly Quits - Takes New Role With Company Behind EOS

Rob Jesudason has resigned his post as CFO of Australia’s Commonwealth Bank to take on a new position with Block.one, the company behind EOS.

Almost every week it seems like we read of a CFO from a financial institution or tech company running over to cryptocurrency, this week is no exception. Commonwealth Bank (CBA) CFO Rob Jesudason has just resigned his position after serving less than one year, and he will be taking on his new role as Group President and Chief Operating Officer with Block.one.

Block.One manages the EOS token, which is the fifth most valuable with a market cap at ~ $12.4 billion (US) as of May 14, 2018.

Jesudason has worked with JPMorgan and other financial and investing firms before he assumed the role at Commonwealth Bank. There operated as the Group Executive, Financial Services and Chief Financial Officer at CBA, and oversees group finance, audit, treasury, security, property and investor relations.

Brendan Blumer, who serves as Block.one’s CEO, says that Jesudason has proven himself to be a leader in regards to global financial services. “He has been involved in industry innovation and facilitated regulatory advancement enabling the adoption of new technologies,” Blumer said. "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."

Block.one is a leading developer of technology solutions including blockchain software. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOSIO software.

The EOS tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “EOS Tokens”).

See here for EOS.IO Technical White Paper v2.

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Jack Taylor is a freelance journalist who has contributed to many award winning media outlets on a wide range of topics regarding trending technologies, cryptocurrency, blockchain & digital privacy.
Tennessee