Ex-JPMorgan star Blythe Masters is going to work for one of the biggest US auto lenders

AP Photo
Blythe Masters is taking on a new role with Santander Consumer.
There, she will serve as the non-executive chair of the company's board of directors.
The market seemed to respond well to the news, sending Santander Consumer (SC) stock up more than 3% after the announcement Wednesday afternoon.
Masters has been the CEO of bitcoin trading platform Digital Asset Holdings since March of this year. However, that's not what she is best-known for.
Masters spent seven years running JPMorgan's global commodities business until her 2014 resignation. She made the decision to split JPMorgan after the company revealed it would sell the commodities business to Mercuria, a Swiss commodity trading company.
At JPMorgan, she was a pioneer of the credit default swap. It solidified her legendary status on Wall Street, where she was once arguably the most powerful woman in finance.
The transition comes at a very interesting time, both for the auto financing industry and for Santander. The company's interim chairman, Stephen Ferriss, stepped away from that role just two weeks ago. The auto financing industry is under some pressure as a small percentage of borrowers are having a harder time paying back loans. But, at the same time, Wall Street is pumping billions into auto financing.
Financial inclusion made easy for India’s small merchants with Paytm’s pioneering QR codes and Soundbox
With Rupay Credit Card on UPI, mobile payments pioneer Paytm deepens its leadership in UPI
A 24-year-old stock trader who made over $8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell
10 Must-Do activities on your next Darjeeling Trip
Govt received ₹1,70,501 crore in April as revenue
Shubman Gill, Sunil Narine, Virat Kohli & more: IPL man of the series winners since 2008
Five personal finance deadlines you can’t afford to miss in June
List of famous things to buy in Darjeeling