Goldman Sachs, the Wall Street giant and leading global investment banking have hired Luc Teboul, former Data Engineering Head of JPMorgan as its Managing Director. Luc Teboul is a well known in the field of machine learning applications in the investment banking space.
As per his LinkedIn profile, Luc Teboul will supervise the bank’s team handling its consumer and commercial banking technology. He might also look after the development of Marcus, the bank’s proprietary consumer lending solution. Mr Teboul has held similar roles in his earlier job at JPMorgan and was in charge of its corporate and investment bank data strategy, information architecture, and data reservoir.
For Teboul, this is the second stint with Goldman Sachs, as prior to JPMorgan, he has served more than eight years with the bank as an Executive Director. Teboul is graduated from Université René Descartes in Paris and did his masters in computer and information sciences and support services from ENSIIE (École Nationale Supérieure d’Informatique pour l’Industrie et l’Entreprise), one of the top schools in Paris.
Concordium Secures Former NASDAQ Europe vice chairman Hans-Ole Jochumsenhas in the Advisory Board
Concordium Foundation, a Swiss non-profit working on blockchain development has hired Former NASDAQ Europe vice chairman Hans-Ole Jochumsenhas in the advisory board.
Mr Jochumsenhas’s main job is to guide the firm to maintain its compliance with regulatory frameworks, looking after taxation issues, KYC practices, and transaction provenance. Jochumsenhas is a big supporter of blockchain technology in the finance space and believes that it will drastically reduce the cost and time of global transactions. He was also a part of Nasdaq’s several blockchain based projects in his tenure.
While speaking to Coindesk, Jochumsenhas said:
“Many people forget that what we see with the financial institutions is that you have a very complicated setup, every county has its own approach, and if you need to do something globally, it’s extremely complicated, and even if in the end the task is solved, somebody has to pay for it, and it’s the customer…In Concordium, there is a great vision for something that financial industry worldwide needs,”
Jochumsenhas has a long career in the financial industry and has retired only a year ago as the vice chairman at NASDAQ Europe after almost a decade with the company. Concordium which is founded by ex-CEO of Saxo bank Lars Seier Christensen is developing a cryptocurrency with built-in compliance function and its beta launch is scheduled for q3, 2019.
Christensen said: “As a first mover with strong focus and expertise in this area (ID/KYC), we are not late, but really among the first to the real game, one that has not started yet, because early generations of blockchains and cryptocurrencies did not achieve real business use in spite of all the hype,” Christensen told Coindesk. “So the next era is beginning now and this will be the time when the real potential of public blockchains will finally begin to unfold.”