Goldman Sachs Managing Director Joins Blockchain Startup Chain

Blockchain startup Chain has named a Goldman Sachs managing director as its new president.

AccessTimeIconApr 17, 2017 at 8:23 p.m. UTC
Updated Sep 11, 2021 at 1:14 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Blockchain startup Chain has named a Goldman Sachs managing director as its new president.

Tom Jessop is joining the firm after serving as Goldman's managing director for business technology development since January 2016, according to LinkedIn.

Between 2008 and 2012, he served as managing director for principal strategic investments, serving stints in Hong Kong and New York. He served as a vice president for the Wall Street investment bank between 2000 and 2008. Prior to working for Goldman Sachs, worked for credit ratings firm Standard & Poor’s.

According to Chain, Jessop will be chiefly responsible for pursuing commercial opportunities for the firm.

He said in a statement:

"I am excited to collaborate with Chain's team, customers, and strategic partners to accelerate the adoption of blockchain technology in financial services and other industries."

Jessop is far from the first Goldmanite to head for the blockchain space.

Earlier this year, a former Sachs vice president sought to take on the traditional hedge fund concept using blockchain. And in early 2016, the Blythe Masters-led Digital Asset Holdings tapped another ex-VP to serve as a senior software developer. The digital currency exchange space has also attracted veterans of the firm over the years.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Chain.

Image via YouTube/DTCC

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.