JPMorgan Chase overhauls quantum computing leadership, poaches State Street executive

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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