Ripple networks onboarded Sandie O’Connor, a former JPMorgan Chase bank veteran in its board of directors.
The company would utilize her guidance and elaborate US experience for its next phase of expansion in the country and streamline government relations and regulatory initiatives.
JPMorgan Chase Former CRO joins Ripple Board.
Ripple announced that Sandie O’Connor, former Chief Revenue Officer at the JPMorgan Chase bank, joins its board of directors.
As Ripple faces certain regularity colossus in the United States over the legal stature of its cryptocurrency XRP, Sandie O’Connor would bring clarity to Ripple for its operations in the US and help in government relations and regulatory initiatives. She has extensive experience in the financial industry since joining JPMorgan in 1988 and worked closely leading engagement with G-20 regulators and policymakers.
O’Connor retired from the JPMorgan bank last year after serving the company for 30 years, taking prominent roles in financial compliance and governance along with risk and capital. She is aligned with the Federal Deposit Insurance Corp and other important committees.
The company recently lost one of its board members Ken Kurson after he was charged with cyberstalking in October, Sandie O’Connor reportedly taking the vacant position.
Ripple Networks CEO Brad Garlinghouse praised Sandie O’Connor and welcomed her onboard. Addressing her as extremely well respected in the regulatory community, he added that her understanding of the financial markets, banking, and capital would be helpful for Ripple as the US undergoes newer regulations and policies. He further added that the United States requires a solid and transparent regulatory framework for cryptocurrencies. Sandie’s experience would be highly instrumental for Ripple as it strives to build a stable and inclusive financial system.
Sandie O’Connor also expressed her delight in joining the board. She said, “Ripple is reshaping the financial landscape solving inefficiencies with today’s payments infrastructure using digital assets and blockchain technology,”
O’Connor would work with Ben Lawsky, who developed New York state’s BitLicense Regulation. Anja Manuel and Yoshitaka Kitao, Craig Philips are some of the finance industry stalwarts to participate in the Ripple Board.
Sandie stated that there are immense opportunities for growth in the market, and she is excited to contribute through her experience. She would use her extensive experience of working with the leaders to develop regulatory policy ” to support the evolution of the payments ecosystem and promote financial access and inclusion.”
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