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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Finance

Kalshi expands surveillance, enforcement efforts ahead of Super Bowl 60

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Key Points Kalshi on Thursday announced new initiatives to expand its surveillance and enforcement frameworks, just days before the Super Bowl. The prediction market is adding advisory committees and resources for consumers on insider trading and market manipulation. Kalshi said its trading volume for Super Bowl predictions has already passed $160 million. Source

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Fixed-income ETF provider BondBloxx questions private credit meltdown fears, sees space as sensible way to generate income

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