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In the world of quantum computing, this is almost a hiring spree.

JP Morgan hires another Singapore quantum computing expert

JP Morgan in Singapore has hired Albert Huang as it continues to build out its quantum-computing capabilities.

He has joined as strategy manager, quantum solution architect, in the global technology applied research group, which is headed up by Marco Pistoia in New York.

Huang previously held senior positions at Singapore’s Centre for Quantum Technologies and Quantum Engineering Programme, according to his LinkedIn profile. Prior to that, he spent more than 10 years at electronics company Rohde & Schwarz.

Huang is not the only Singapore-based quantum-computing specialist that JP Morgan has hired of late.

In June, the US bank recruited Charles Lim, an assistant professor at the National University of Singapore, as its global head for quantum communications and cryptography, focused on exploring next generation computing technology in secure communications.

Writing about Huang’s move on LinkedIn, Lim said Huang will “support global research and development efforts in quantum networks and technology stacks”. “His former experience in Singapore's National Quantum-Safe Network, ICT, and the public sector will put him in good stead to oversee our quantum network deployment operations and to work with both internal and external stakeholders to bring quantum technology to the next level,” added Lim.

Globally, financial services firms including JP Morgan, Goldman Sachs and Visa have been busy building out teams of quantum computing researchers.

Quantum computing may be years away from commercial deployment, but banks are investing in the technology ahead of “quantum supremacy”, the point at which quantum computers will outperform traditional computers by huge margins.

At a conference in December 2020, JPMorgan’s Pistoia said JPMorgan is looking at using quantum computers for portfolio optimisation. JPM is interested, too, in the potential for quantum computers to break existing methods of cryptography, thereby compromising the security of the entire financial system. This could happen in as little as a decade, said Pistoia.

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AUTHORSimon Mortlock Content Manager
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