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October 16, 2018
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Commonwealth Bank CFO Leaves Financial Sector in Favor of EOS

The financial is slowly becoming a career stepping stone rather than a final destination. A lot of people working in this industry eventually move on to completely different things.T his has become especially apparent when it comes to the cryptocurrency industry. The CFO of Commonwealth Bank is now the COO and Group President of the EOS project.

Commonwealth CFO Jumps Ship

A very peculiar trend is forming in the financial sector. Various Wall Street experts are flocking to cryptocurrency as of late. This booming industry offers a lot of new opportunities waiting to be explored. It now seems this trend is taking place in other parts of the world as well. In Australia, Commonwealth Bank CFO Rob Jesudason is leaving the firm in favor of EOS.

Jesudason’s main tasks at Commonwealth Bank include auditing, treasury, and investor relations, among other things. His addition to the EOS team as Chief Operating Officer will create a lot of waves in the industry. He is joining EOS as a member of the Board of Directors. Additionally, he will become the project’s Chief Operating Officer and Group President. Block.one CEO Brendan Blumer explains Jesudason’s role as follows:

“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.”

The Allure of Blockchain Technology

EOS is a project focusing on developing scalable blockchain software. Their high-performance project will enable secure data transfer and decentralized application support. It is considered to be the first performant blockchain platform for developers. At the time of writing, the project is valued at just over $12bn.

Blockchain technology can affect many different aspects of people’s daily lives. With a strong focus on low-cost, fast, and scalable solutions, EOS has a competitive advantage over some other solutions on the market. Parent company Block.one acknowledges the project is one of the fastest growing ventures in this particular industry.

Following his notice period, Jesudason will join EOS in an official capacity. This hire further confirms the cryptocurrency and blockchain industry is attracting a lot of positive attention.  With more established talented individuals joining this new industry, it gains a lot more legitimacy in the process. For EOS, this may effectively propel the project to a whole new level in the months and years to come.

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