The Commonwealth Bank of Australia (CBA) will be losing its group executive of financial services and chief financial officer Rob Jesudason after he announced he'd be joining blockchain-focused Block.one.
Block.one, headed out of the Cayman Islands, develops open-source technology solutions including the EOSIO blockchain software. It also sells the EOS token.
Joining the firm as its group president and chief operating officer, Jesudason will be a member of Block.one's board of directors and will be responsible for "scaling the group's global operations", Block.one said in a statement on Monday.
Jesudason resigned from CBA on Monday morning, announcing he'd be joining Block.one following his notice period.
As CBA's group executive, financial services and chief financial officer, Jesudason was responsible for overseeing group finance, audit, treasury, security, property, and investor relations.
"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," Block.one CEO Brendan Blumer said of Jesudason's appointment.
"His alignment with our organisational 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."
Jesudason is convinced blockchain will have a "transformative" impact on most industries in the coming years, expecting the technology to redefine operating models by streamlining businesses, while also reducing cost and risk.
"The market's strong response to Block.one's approach has resulted in it being one of the fastest-growing organisations in the world, and this will inform our operational growth strategies going forward," he explained.
Jesudason has been at CBA for six and a half years, having previously held the positions of