DBS, J.P. Morgan and Temasek’s Joint Venture Partior Taps OVO’s Former Chief as New CEOby Fintech News Singapore October 4, 2021
Partior, a newly-created, blockchain-based clearing and settlement technology platform, announced the appointment of Jason Thompson as its Chief Executive Officer.
The platform is a joint venture between investment company Temasek, and banks DBS and J.P. Morgan, with its genesis from Project Ubin, a collaborative project between the Monetary Authority of Singapore (MAS) and the financial industry to explore the use of blockchain and distributed ledger technology (DLT) for clearing and settlement of payments and securities.
Jason Thompson joins Partior with over 20 years of leadership experience in the financial services sector. He originally moved to Southeast Asia in 2016 to help lead and build what is known today as the Grab Financial Group (GFG).
He then moved to Indonesia in 2018 to build OVO, Indonesian consumer and merchant digital wallet. Both businesses are now unicorns, and well known around the world as they continue to facilitate financial inclusion and serve the ASEAN region.
Prior to GFG and OVO, Jason was the Senior Managing Director of Euronet running businesses across Europe, Middle East, Africa and Asia.
Jason will be tasked with leading Partior and charting its growth strategy as the firm looks to disrupt the payments industry.
He will also be responsible for formulating strategies for the firm’s expansion and product offerings, and will work closely with the board of directors.
“By leveraging blockchain, smart contract technology, M1 (Commercial bank money) and possibly in the future M0 (Central Bank Digital Currency) programmable money, we aim to speed up transaction time, enable finality and certainty in settlements and make transactions transparent.
We are keen on working closely with regulators around the world, such as MAS, to ensure that we establish ourselves as a trusted partner to all financial institutions.”
said Jason Thompson, CEO, Partior.
Additionally, Partior has also announced the appointment of technology veteran Dmitry Avramenko as its Chief Technology Officer.
Dmitry joins Partior after serving almost three years as the CTO of HSBC’s Hong Kong social payment platform, the PayMe e-wallet. Prior to that, Dmitry was the Head of Cloud Architecture and Infrastructure at Standard Chartered.
He has also held various IT leadership roles within Merrill Lynch, Bank of America, Credit Suisse and other major Wall Street financial institutions, as well as founding two start-ups in the IoT and location tracking space.
Dmitry will lead the development of Partior’s platform.
“I am thrilled to embark on this journey with Partior. In the age of commercial space travel, VR, metaverse and the fast approaching adoption of CBDCs, someone has to re-imagine the archaic correspondent banking principles. Partior’s offering will do exactly that,”
said Dmitry Avramenko, CTO, Partior.
Partior is headquartered in Singapore and is already working to establish offices in London, New York and Beijing as it serves a global customer base.
The firm has developed wholesale payments rails based on M1 digitised commercial bank money to enable instantaneous clearing and settlement for cross-border payments.
Featured image: Jason Thompson, CEO of Partior