Sandie O’Connor Joins Ripple’s Board of Directors

Ripple announced on Tuesday that Sandie O’Connor will join its Board of Directors, effective immediately.

Recently announced in a press release shared with Finance Magnates, O’Connor, a financial executive veteran, has become a member of the Board of Directors at Ripple, a blockchain company based in San Francisco. She will provide counsel on vital relations in the government and regulatory initiatives for the company’s future growth phase.

O’Connor brings 31 years of leadership experience with in-depth knowledge in finance, treasury, capital markets and regulatory affairs. On frequent occasions, American Banker has revered her as one of the 25 Most Powerful Women in Banking and Finance.

O’Connor Extensive Employment

Concurrently, O’Connor holds 6 different positions. At Terex Corporation (NYSE:TEX) she recently began serving on its Board. While at Sacred Heart Greenwich, she is fulfilling the post of Board Trustee which began in June of this year. In the role of Systemic Resolution Advisory Committee Member, she advises the Federal Deposit Insurance Corporation (FDIC). Further, she is carrying out her responsibilities as an Advisory Committee Member for the Office of Financial Research. Also, at the YMCA, she has held the Chair position for 18 months. Moreover, she has successfully fulfilled the post of board member since 2011.

Prior to O’Connor’s existing positions, she spent a total of 31 years at JPMorgan Chase & Co. She was promoted to her most recent role, Chief Regulatory Affairs Officer, in 2014. In this post, she developed the firm’s comprehensive regulatory strategy and led the engagement with G-20 regulatory organisations and policymakers regarding evolving regulation.

Before this, she held various additional executive roles at JP Morgan Chase consisting of Global Treasurer, Global Head of Prime Services, Global Business Executive of Financial & Markets Products among many other executive posts and on committees including Risk and Capital.

Furthermore, she makes a contribution by volunteering on other committees. This includes the Chair Emeritus for GFMA over the last 2 years; the Chair Advisory Committee - Finance Forum for the Salzburg Global Seminar since 2015; also a Board Member Emeritus for SIFMA for the sum of 6 years.

Words of Support

Ripple is expanding its global network and is continuing to push for regulatory clarity in the United States. Simultaneously, O’Connor will provide counsel on key government relations and regulatory initiatives for the company’s next stage of growth.

“Sandie’s extensive network and in-depth understanding of markets, capital flows and banking will provide valuable and unique insights as new policies and regulations take shape across the U.S.,” says Brad Garlinghouse, Ripple CEO.

“Ripple is reshaping the financial landscape solving inefficiencies with today’s Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term infrastructure using digital assets and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term technology,” said O’Connor. “The opportunity for the market has never been bigger, and I’m thrilled to bring my experience working with leaders in developing regulatory policy to support the evolution of the payments ecosystem and promote financial access and inclusion.”

Garlinghouse added: “The U.S. needs a single clear regulatory framework for crypto that levels the playing field and supports American innovation and companies. Sandie’s experience and guidance will support us on our journey to building a more inclusive financial system.”