Former CME and Goldman Sachs manager joins UK venture capital group

June 29, 2018
Chris Wheal

Rumi Morales, the US venture capitalist, has joined blockchain investment firm Oulier Ventures as a partner.

Rumi Morales: Courtesy of Outlier website

Outlier is based in the UK and invests in, and partners with companies that are building blockchain infrastructures, exploring artificial intelligence (AI), machine learning, the internet of things (IoT) and other technological developments.

Morales said in a press statement on Outlier’s website: “The team at Outlier spotted the convergence of distributed ledger technology, IoT and AI very early and we couldn’t be closer in our thinking on where value is being created for the economy of tomorrow.”

History

Morales’ CV is impressive: based in Chicago, she founded and ran CME Ventures, the venture capital division of CME Group, the world’s largest exchange operator, pioneering investments in blockchain companies, including Ripple.

Before CME Ventures, she spent seven years with global banking giant Goldman Sachs, founding and leading its Global Markets Institute.

Outlier CEO comments

Outlier chief executive Jamie Burke welcomed Morales to the company, saying: “Rumi’s strong background in both early stage technology and working in senior investment roles for major financial institutions means she is an excellent fit for our growth strategy in a maturing crypto-assets market.

“As we ramp up our activities in investing for decentralised technologies in Web 3.0 and technology convergence, we couldn’t hope to find more relevant leader to represent us in the US.”

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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