A hot finance startup led by a former JPMorgan high-flier has put together a dream team of hires

Blythe Masters Money2020Business Insider/Oscar Williams-GrutDigital Asset Holdings CEO Blythe Masters appearing on stage at Money2020.

Digital Asset Holdings, the buzzy blockchain startup run by former JP Morgan executive Blythe Masters, has assembled a dream team of new hires.

The firm is building out its senior team with eight high profile hires spread across New York, London and Frankfurt.

Among the new hires are:

  • Carol Mathis has joined as CFO. She previously served as COO and CFO at RBS.
  • Josh Varsano as chief human resources officer. He previously worked as the global head of human of resources for Point72 Asset Management and HR managing director at JPMorgan Chase.
  • Kelly Mathieson was hired as product manager. She is a former head of JPMorgan’s global collateral management and securities clearing business,
  • Andrew Pisano, who previously built out blockchain strategy at CME Group’s Digitization Group, joined as Business Development Director.
  • Gavin Wells, who will be based in London, also joined the DAH team as Head of Europe. Wells spent 15 years as a managing director at Citi and most recently delivered the first clearing service for foreign exchange at LCH Clearnet.
  • Gordon Weir has joined as head of delivery. He previously served as head of development transformation across global technology and operations at Bank of America Merrill Lynch.
  • Martin Korbmacher has been hired as strategic advisor to help scale DAH’s growth and service across European markets. Korbmacher was the former head of investment banking for Germany and Austria at Credit Suisse and will be based in Frankfurt.

Digital Asset Holdings aims to use blockchain technology to make the settlement of transactions quicker. Blockchain has the potential to allow a digital asset to be securely and seamlessly transferred from one party to another, eliminating the need for third-party intermediaries and shortening settlement time to seconds. This could greatly reduce costs and risk, and create new revenue opportunities by making markets more efficient.

Blythe Masters joined the startup last March at CEO. She had previously worked at JP Morgan, where she held several senior positions including head of global commodities, CFO of JPMorgan’s investment bank, and head of global credit portfolio and credit policy and strategy.

Earlier this year, Digital Asset Holdings announced that it was opening a London office to support its clients and increase its presence in the UK and European markets.

The startup is also building out an Australia office following the selection by the Australia Securities Exchange (ASX) to help replace its existing clearing and settlement system with a blockchain solution. The ASX will make the decision on whether to go through with the change by mid-2017.

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