Commonwealth Bank CFO Rob Jesudason To Lead Block.one As Group President & COO
Hong Kong, May 14 2018 | Block.one, publisher of the EOSIO blockchain software and seller of the EOS token, a top-five cryptocurrency by market cap at approximately US$12.4 billion, has named Rob Jesudason as its Group President and Chief Operating Officer.
Jesudason will be a member of Block.one’s Board of Directors and be responsible for scaling the group’s global operations. He resigned from Commonwealth Bank of Australia (ASX: CBA), a global top-12 bank by market capitalization at AUD $125 billion, earlier today and will join Block.one later this year following his notice period.
Jesudason currently serves as Group Executive, Financial Services and Chief Financial Officer at CBA, and oversees 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,” said Block.one CEO Brendan Blumer. “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.”
“Blockchain will have a transformative impact on most industries in the coming years and will redefine operating models by streamlining businesses, while also reducing cost and risk,” said Jesudason. “Block.one’s technological innovation enables fast, low-cost, and scalable blockchain performance and is laying the groundwork for mass adoption of these new technologies.”
He continued: “The market’s strong response to Block.one’s approach has resulted in it being one of the fastest growing organizations in the world, and this will inform our operational growth strategies going forward. I am delighted to be joining Brendan and the team.”
Jesudason has been at CBA for six and half years, and previously held the positions of Head of Strategy and Group Executive, International Financial Services (IFS). In the IFS role, he managed the Group’s international growth in digital banking, retail and commercial banking and insurance in China, India, Indonesia, Vietnam and South Africa.
Prior to this, Jesudason worked at Credit Suisse as Head of Global Emerging Markets in the financial institutions Group. Earlier in his career he held positions at JPMorgan, Barclays, GE Capital and McKinsey & Company. Rob has worked in the US, Europe and Asia.
Block.one is an open source software publisher specializing in high performance blockchain technologies. Its first project, EOSIO, a blockchain protocol designed to enable secure data transfer and high performance decentralized applications, has received global notoriety as the first performant blockchain platform for developers, following its introduction in May 2017.
The EOSIO engineering team is led by Dan Larimer, the inventor of the revolutionary Delegated Proof of Stake (DPOS) consensus mechanism. DPOS processes the majority of blockchain transactions globally and will power the EOSIO software launching in June 2018.
In December 2017, Block.one committed to investing US$1 billion to launch EOS VC, a vehicle designed to invest in businesses leveraging the transformative capabilities of the EOSIO software. EOS VC has announced deployment of capital through partnerships, including with: Michael Novogratz’s Galaxy Digital, Derek Rundell of Eric Schmidt’s TomorrowVentures, Finlab AG (ETR:A7A), and Michael Cao’s EOS Global.