Sandy O’Connor, former director of regulatory affairs at banking giant JPMorgan Chase, will join Ripple’s board of directors.
According to a Ripple Blog published yesterday, O’Connor will “provide advice on critical government communications and regulatory initiatives” as part of its role on the board. O’Connor spent 31 years at GB Morgan, working as a Director of Regulatory Affairs and Treasurer at the Bank until her retirement in 2019. Since July, she has been a member of the Systems Solutions Advisory Committee of the Federal Deposit Insurance Corporation (FDIC).
CEO Brad Garlinghouse said that O’Connors’ “comprehensive network and deep understanding of markets, capital flows and banking services” will help Ripple build a “more inclusive financial system”.
“The United States needs a simple and clear crypto framework that balances the game and supports US innovation and companies,” Garlinghouse said, adding that O’Connor’s addition could help the company along the way.
Garlinghouse and Ripple co-founder Chris Larsen previously stated that a lack of regulatory clarity in the US could force the company to move its headquarters from San Francisco to another country. Ripple opened a regional office in Dubai last month, and a board member said Japan could be the “promising candidate” for the company’s new headquarters.