Ex-JPMorgan exec staffing up new Bitcoin business
Blythe Masters is hiring.
The former JPMorgan executive — who left the bank last year amid a government inquiry into the commodities division she once helmed — hired Beth Shah, an editor at an industry magazine, to run business development at her new Bitcoin business.
Shah, previously an editor at GlobalCapital Derivatives, started this month at Digital Asset Holdings, Masters’ newest venture, according to Shah’s LinkedIn profile.
The 46-year-old banker is widely credited as one of the chief inventors of the credit-default swap — a complex financial instrument that contributed to the 2008 financial crisis and the government bailout of American International Group, among others.
In 2013, the Federal Energy Regulatory Commission said that Masters made “false and misleading statements” about the bank’s commodities division, which she was then leading, amidst a price-rigging probe.
Combining JPMorgan’s commodities businesses was “probably the greatest achievement for me,” Masters told Shah for a 2,355-word profile last year.
Masters left the bank after it sold some of its business to Mercuria Holdings.
Shah and Digital Asset Holdings didn’t respond to requests for comment.
Source: http://nypost.com/2015/04/13/ex-jpmorgan-exec-staffing-up-new-bitcoin-business/
