JPMorgan Chase overhauls quantum computing leadership, poaches State Street executive

Key Points

JPMorgan Chase has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, CNBC has learned.
Marco Pistoia, the former IBM inventor who became head of JPMorgan’s applied research group in 2020, has recently left the bank, according to a person briefed on the matter.
JPMorgan has hired Rob Otter, who is State Street’s global head of digital technology and quantum computing, to replace Pistoia, according to an employee memo sent Monday.

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