Blythe Masters - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore Blythe Masters net worth, age, height, bio, birthday, wiki, and salary! English economist who was the head of Global Commodities at JPMorgan Chase. In the past, she was director of Global Credit Portfolio. In this article, we will discover how old is Blythe Masters? Who is Blythe Masters dating now & how much money does Blythe Masters have?

Blythe Masters Biography

Blythe Masters is one of the most popular and richest Entrepreneur who was born on March 22, 1969 in Oxford, England, United Kingdom. She as well as She and Stephanie Flanders both worked for J.P. Morgan.s both were employed by J.P. Morgan.

Masters joined the bank JP Morgan Chase in 1991 after completing a number of internships there while still a student dating back to 1987. Responsible for credit derivative products at J.P. Morgan, Masters became a managing director at 28, the youngest woman to achieve that status in the firm’s history. She is widely credited with creating the modern credit default swap, a derivative used to manage credit exposure to underlying reference entities. In 1994, J.P. Morgan had extended a $4.8 billion credit line to Exxon, which faced the threat of $5 billion in punitive damages for the Exxon Valdez oil spill. A team of J.P. Morgan bankers led by Masters then purchased credit protection against the credit line to the European Bank of Reconstruction and Development to cut the capital which J.P. Morgan was required to hold against Exxon’s default, thus reducing its own risk. J.P. Morgan later bundled together packages of such exposures and offered them to market as BISTRO, for Broad Index Secured Trust Offering, and these new financial instruments were quickly adopted by other banking institutions.

Born in Oxford, Masters was raised in the south-east of England. She attended The King’s School in Canterbury. She graduated in 1991 from Trinity College, Cambridge with a B.A. in economics.

She moved to New York with her husband and two daughters.

She was the first woman to be an executive director in JPMorgan Chase at the age of 28.

Blythe Masters (born 22 March 1969) is a British former executive at JPMorgan Chase. She is the former CEO of Digital Asset Holdings, a financial technology firm developing distributed ledger technology for wholesale financial services. Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.

Blythe Masters Net Worth

Blythe is one of the richest Entrepreneur from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Blythe Masters's net worth $5 Million. (Last Update: January 13, 2024)

She was educated at The King’s School in Canterbury and later Trinity College, Cambridge.

When derivatives played a role in the 2008 financial crisis, having been applied by other firms to sub-prime mortgages, Gillian Tett’s book, Fool’s Gold: How the Bold Dreams of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe, documented how the original intent and features of credit derivatives had been distorted. Nonetheless, Masters was described by the UK newspaper The Guardian as “the woman who invented financial weapons of mass destruction”. The paper later apologised for failing to give Masters an adequate opportunity to respond to their characterisation. She had told the newspaper: “I do believe CDS [credit default swaps] have been miscast, much as poor workmen tend to blame their tools.” Masters explained to The Economist, “Tools that transfer risk can also increase systemic risk if major counterparties fail to manage their exposures properly.” In April 2010 she told the Economic and Monetary Affairs Committee of the European Parliament that “there are definitely lessons that have to be learnt. I for one feel that I have learnt from that experience and there are things I may like to have seen done differently”. She stated support for reforms which increase transparency and reduce the risk of contagion among financial firms.

Masters was named the CEO of Digital Asset Holdings in March 2015, a company that builds secure and distributed processing tools to speed up settlement, reduce costs and enhance security and transparency in regulated industries. The startup has raised more than $100 million in multiple rounds of funding from fifteen of the world’s largest technology and financial firms, such as Citibank, Goldman Sachs, JPMorgan, Deutsche Boerse, DTCC, CME, IBM and Accenture. The company is developing enterprise distributed ledger systems for the ASX, DTCC and others. In December 2017, ASX officially announced it would upgrade its post-trade settlement system to a blockchain platform designed by Digital Asset Holdings.

Ethnicity, religion & political views

Many peoples want to know what is Blythe Masters ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Blythe Masters's ethnicity is Not Known. We will update Blythe Masters's religion & political views in this article. Please check the article again after few days.

Masters was the Chair of the Securities Industry and Financial Markets Association from 2008 to 2010 and also of the Global Financial Markets Association from 2012 to 2014, trade associations whose missions include promoting public trust and confidence in financial markets. She has frequently represented the industry in Washington D.C. on matters including the design of carbon markets to contain global warming, curbs on large commodities trading positions and the financial regulatory overhaul.

Who is Blythe Masters Dating?

According to our records, Blythe Masters married to Daniel Masters , Gareth Evans. As of January 13, 2024, Blythe Masters’s is not dating anyone.

In December 2015, it was posited in the media that the new Barclays CEO Jes Staley had approached Masters about running the bank’s investment banking division, however Masters indicated she was fully committed to her current role at Digital Asset Holdings. From 2015 to 2016 she was the Chair of the Board of Santander Consumer Holdings Inc. (NYSE: SC), a full-service, technology-driven consumer finance company.

Height, Weight & Body Measurements

Blythe Masters height Not available right now. Blythe weight Not Known & body measurements will update soon.

From 2001 to 2004, Masters served as the bank’s head of Global Credit Portfolio and Credit Policy and Strategy. From 2004 to 2007, she was Chief Financial Officer of J.P. Morgan’s Investment Bank. In 2007 she was named head of Global Commodities. By 2014, J.P. Morgan had the largest revenues of any investment bank in commodities, according to United Kingdom analytics firm Coalition. That same year, J.P. Morgan announced the sale of its physical commodities business for $3.5bn in the face of increased regulatory scrutiny brought on by a Federal Energy Regulatory Commission investigation into the bank’s alleged manipulation of energy markets in California and Michigan. J.P. Morgan paid $410 million to settle the investigation without admitting wrongdoing. J.P. Morgan defended Masters, stating that “We strongly dispute that Blythe Masters or any employee lied or acted inappropriately in this matter”. Masters left J.P. Morgan once she had completed the sale for the bank.

From March 2015 to December 2018, Masters is the CEO of Digital Asset Holdings. Digital Asset is a startup that uses distributed ledger technology to reduce cost, risk and capital requirements in wholesale financial services.

Facts & Trivia

Blythe Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United Kingdom. Blythe Masters celebrates birthday on March 22 of every year.

In December 2018, Masters announced that she was stepping down as CEO, but will remain a board member, strategic advisor and a shareholder.

What is Blythe Masters doing now?

Personal life. Masters is Co-Chair of the Board of the Global Fund for Women, a board member of both The Breast Cancer Research Foundation and ID2020, and the former Chair of the Board of the Greater NY Affiliate of the breast cancer charity, Susan G.

How old is Blythe Masters?

53 years (March 22, 1969)

Who created credit swaps?

J.P. Morgan & Co. and economist Blythe Masters are widely credited with creating the modern credit default swap in 1994. In that instance, J.P. Morgan had extended a $4.8 billion credit line to Exxon, which faced the threat of $5 billion in punitive damages for the Exxon Valdez oil spill.

Who made the most money from credit default swaps?

Recently, another big investor made headlines for his “Big Short” through his purchase of credit default swaps. Bill Ackman turned a $27 million investment in CDSs into $2.7 billion in a matter of 30 days, leading some people to refer to it as the greatest trade ever.

How do credit default swaps make money?

The company could sell the rights to those payments and the obligations to another buyer and potentially make a profit. Alternatively, imagine an investor who believes that Company A is likely to default on its bonds. The investor can buy a CDS from a bank that will pay out the value of that debt if Company A defaults.

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