JPMorgan (JPM) has overhauled the leadership of its internal research group responsible for quantum computing and other forms of advanced technology, CNBC’s Hugh Son reports. According to a person briefed on the matter, Marco Pistoia, the former IBM (IBM) inventor who became head of JPMorgan’s applied research group in 2020, recently left the bank, while an employee memo sent Monday shows that the bank has hired Rob Otter, State Street’s (STT) global head of digital technology and quantum computing, to replace Pistoia.
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