Jen Chan, the former Chief Financial Officer (CFO) of FTX, has been a pivotal figure in the cryptocurrency landscape. Her journey from a KPMG executive to the CFO of one of the most talked-about crypto exchanges, FTX, has been nothing short of remarkable. Here are 17 surprising facts about Jen Chan:
KPMG Tenure
Before her association with FTX, Jen Chan served as an assistant manager at KPMG between 2003 and 2006.
Educational Background
Jen holds a bachelor’s degree in Business Management from the prestigious Hong Kong University of Science and Technology.
Blackstone Association
After her stint at KPMG, Chan served at a director level for the investing and accounting business of Blackstone.
Deutsche Bank Role
Chan further expanded her expertise by becoming an accountant in a division of Deutsche Bank named RREEF.
Alter Domus Leadership
Before joining FTX, Chan was the head of the investment management company Alter Domus in their Hong Kong office.
FTX Journey Begins
Jen Chan joined FTX in October 2018 as the director of Cottonwood Grove Limited, a Hong Kong-based subsidiary of Alameda Research.
Ownership
Chan owned 100% of Salameda Ltd, a Hong Kong-based entity of FTX.
CFO Role
Jen Chan was promoted to the role of CFO at FTX, where she was responsible for international business development, transactions, and the company’s expansion.
Resignation
In November 2022, Chan resigned from both Salameda Ltd and her role as CFO of FTX.
Alameda Research Connection
Jen Chan’s association with Alameda Research was significant, given that FTX was a subsidiary of Alameda.
FTX’s Challenges
Under Chan’s leadership, FTX faced challenges when they minted an excessive amount of FTT, leading to financial complications.
Legacy
Despite the challenges and controversies, Jen Chan’s contributions to FTX and the broader crypto world will leave a lasting legacy.
Future Endeavors
The crypto community is keenly watching Jen Chan’s next move, given her vast experience and expertise in the domain.
Final Word
Jen Chan’s association with FTX and her journey in the world of cryptocurrency has been filled with highs and lows. Her expertise, leadership, and the challenges she faced at FTX provide a unique perspective on the intricacies of the crypto industry. As the world of digital finance continues to evolve, figures like Jen Chan will undoubtedly play a significant role in shaping its trajectory.