As it looks to invest in the web3 industry, Apollo Global Management, one of the world’s largest investment JPMorgan and private equity firms with over $450 billion in total assets, has hired Christine Moy, a former crypto executive at JPMorgan.
According to a source familiar with the situation, Moy has joined Apollo as a partner and head of digital asset strategy.Bloomberg first reported the news.
“She might be the most senior woman or even person in tradfi [traditional finance] asset management dedicated to digital assets,” the source said.
Moy left JPMorgan in February as the bank’s Onyx team’s global head of metaverse
According to her LinkedIn page, she had worked for JPMorgan for more than 18 years and had exclusively worked for JPMorgan.
Moy will work with Apollo to assist the company invest in blockchain and web3 firms. The private equity firm would, according to the source, invest in a wide spectrum of blockchain and web3 initiatives, including tokenized projects. It is improbable that the company will buy bitcoin.
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