JPMorgan Chase overhauls quantum computing leadership, poaches State Street executive

Leadership Changes - JPMorgan Chase has restructured the leadership of its internal research group focused on quantum computing and advanced technology [1] - Marco Pistoia, the previous head of the applied research group, has left the bank [1] New Appointment - Rob Otter, formerly the global head of digital technology and quantum computing at State Street, has been hired to replace Pistoia [2] - Otter has a background in technology roles at major financial institutions, including JPMorgan, Barclays, Credit Suisse, and Goldman Sachs [3] Research Focus - The internal research group at JPMorgan conducts studies on emerging technologies such as quantum computing, blockchain, computer vision, and networking, aimed at solving financial problems [2]