Age, Biography and Wiki

Blythe Masters (Blythe Sally Jess Levett) was born on 22 March, 1969 in Oxford, United Kingdom, is a British economist (born 1969). Discover Blythe Masters's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is she in this year and how she spends money? Also learn how she earned most of networth at the age of 54 years old?

Popular As Blythe Sally Jess Levett
Occupation Former CEO Digital Asset Holdings, LLC Former executive at J.P. Morgan
Age 54 years old
Zodiac Sign Aries
Born 22 March 1969
Birthday 22 March
Birthplace Oxford, United Kingdom
Nationality United Kingdom

We recommend you to check the complete list of Famous People born on 22 March. She is a member of famous Former with the age 54 years old group.

Blythe Masters Height, Weight & Measurements

At 54 years old, Blythe Masters height not available right now. We will update Blythe Masters's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
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Dating & Relationship status

She is currently single. She is not dating anyone. We don't have much information about She's past relationship and any previous engaged. According to our Database, She has no children.

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Blythe Masters Net Worth

Her net worth has been growing significantly in 2023-2024. So, how much is Blythe Masters worth at the age of 54 years old? Blythe Masters’s income source is mostly from being a successful Former. She is from United Kingdom. We have estimated Blythe Masters's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Former

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Timeline

1969

Blythe Masters (born 22 March 1969) is a British private equity executive and former financial services and fintech executive.

She is a former executive at JPMorgan Chase, where she was widely credited for developing the credit default swap as a financial instrument.

She is founding partner of FinTech private equity firm, Motive Partners, and an Advisory Board Member of the US Chamber of Digital Commerce, a Board Member of GCM Grosvenor, Forge Global, CAIS Group, and SymphonyAI.

She is the former CEO of Motive Capital Corp, and a former board member of Credit Suisse Group.

Born in Oxford, Masters was raised in the south-east of England.

She attended The King's School in Canterbury.

1991

She graduated in 1991 from Trinity College, Cambridge with a B.A. in economics.

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.

1994

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.

2001

From 2001 to 2004, Masters served as the bank's head of Global Credit Portfolio and Credit Policy and Strategy.

2004

From 2004 to 2007, she was Chief Financial Officer of J.P. Morgan's Investment Bank.

2007

In 2007, she was named head of Global Commodities.

2008

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."

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.

2010

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.

2014

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.

2015

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 raised more than $100 million in multiple rounds of funding from fifteen technology and financial firms, such as Citibank, Goldman Sachs, JPMorgan, Deutsche Boerse, DTCC, CME, IBM and Accenture.

The company distributed ledger systems for the ASX, DTCC and others.

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.

2017

In December 2017, ASX officially announced it would upgrade its post-trade settlement system to a blockchain platform designed by Digital Asset Holdings.

In November 2022, ASX officially announced it would stop using the blockchain platform completely.

2018

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

2019

Masters was appointed to the Board of Directors of Phunware on December 30, 2019.

2020

On March 30, 2020 Masters was appointed Chair of the Board of Phunware.