Paul Camp, former global head and managing director at JPMorgan Chase has joined bitcoin consumer finance company Circle Internet Financial as the new corporate treasurer and CFO.
Circle founder and CEO Jeremy Allaire expressed his confidence in Camp, saying:
“Paul had grown up in that core payments infrastructure. That was really a key piece of what we were looking for… Paul is a very intelligent person… I think the vision of an Internet platform – a common Internet platform for value exchange – really captured his imagination. I think he’s also at the point in his career where he’s grown these businesses within big companies and was really excited to build something from the ground up.”
Paul Camp brings a wide array of experience to Circle’s table, and holds over eighteen years in the professional banking arena. His previous positions include executive titles at JPMorgan Chase, Deutsche Bank and Bank of America. He joins the company following a yearlong recruitment process and at a time when JPMorgan has been exhibiting some particularly negative behavior towards bitcoin, including patenting a similar cryptocurrency just last year and labeling bitcoin as “a competitor.”
Allaire feels that Camp’s hiring is a definite move forward, and explains the growing capacity of bitcoin, as well as the importance it holds for Circle and related businesses:
“Our view is that consumer finance, what people think of as retail finance – that arena is ripe for disruption. Bitcoin is absolutely a core platform and asset format that we are dependent on to build this business.”
