Richard Teng, the now former Head of Regional Markets of Binance, has taken over the function of Chief Government Officer on the crypto trade as Changpeng Zhao dramatically stepped down from the helm.
Teng spent greater than two years of his profession at Binance in varied government roles. He additionally held a notable Director of Company Finance place on the Singaporean monetary market regulator, the place he spent 13 years. He joined Binance in mid-2021 because the Singapore CEO and later oversaw many regional operations.
In accordance with his LinkedIn profile, he concluded his lengthy regulatory function in 2007 by becoming a member of Singapore Alternate because the Chief Regulatory Officer. Later, he grew to become the CEO of Abu Dhabi World Market, the place he spent six years till he joined Binance.
For the highest function at Binance, Teng has changed Zhao, who has now pled responsible to felony cash laundering expenses introduced by the US federal prosecutors. He’s the founding father of Binance and has run the corporate, the highest crypto trade when it comes to buying and selling quantity, since its inception in 2017.
A Proper Candidate for the Second?
Saying his departure and Teng’s appointment, Zhao wrote on Twitter: “Richard is a extremely certified chief and, with over three many years of monetary companies and regulatory expertise, he’ll navigate the corporate by way of its subsequent interval of progress. He’ll guarantee Binance delivers on our subsequent part of safety, transparency, compliance, and progress.”
Right now, I stepped down as CEO of Binance. Admittedly, it was not simple to let go emotionally. However I do know it’s the proper factor to do. I made errors, and I have to take accountability. That is finest for our neighborhood, for Binance, and for myself.
Binance is now not a child. It’s…
— CZ 🔶 Binance (@cz_binance) November 21, 2023
In a social media submit, Teng highlighted that, because the CEO of Binance, his two priorities shall be to reassure customers that they’ll stay assured within the monetary energy, safety, and security of the corporate” and collaborate with “regulators to uphold excessive requirements globally that foster innovation whereas offering vital shopper protections.”
Apparently, Binance employed a number of former regulatory executives through the years throughout many roles. One of many outstanding appointments was Brian Brooks, who helmed the Workplace of the Comptroller of the Forex, because the CEO of Binance’s US arm. Nevertheless, he stepped down in solely a few months.
Richard Teng, the now former Head of Regional Markets of Binance, has taken over the function of Chief Government Officer on the crypto trade as Changpeng Zhao dramatically stepped down from the helm.
Teng spent greater than two years of his profession at Binance in varied government roles. He additionally held a notable Director of Company Finance place on the Singaporean monetary market regulator, the place he spent 13 years. He joined Binance in mid-2021 because the Singapore CEO and later oversaw many regional operations.
In accordance with his LinkedIn profile, he concluded his lengthy regulatory function in 2007 by becoming a member of Singapore Alternate because the Chief Regulatory Officer. Later, he grew to become the CEO of Abu Dhabi World Market, the place he spent six years till he joined Binance.
For the highest function at Binance, Teng has changed Zhao, who has now pled responsible to felony cash laundering expenses introduced by the US federal prosecutors. He’s the founding father of Binance and has run the corporate, the highest crypto trade when it comes to buying and selling quantity, since its inception in 2017.
A Proper Candidate for the Second?
Saying his departure and Teng’s appointment, Zhao wrote on Twitter: “Richard is a extremely certified chief and, with over three many years of monetary companies and regulatory expertise, he’ll navigate the corporate by way of its subsequent interval of progress. He’ll guarantee Binance delivers on our subsequent part of safety, transparency, compliance, and progress.”
Right now, I stepped down as CEO of Binance. Admittedly, it was not simple to let go emotionally. However I do know it’s the proper factor to do. I made errors, and I have to take accountability. That is finest for our neighborhood, for Binance, and for myself.
Binance is now not a child. It’s…
— CZ 🔶 Binance (@cz_binance) November 21, 2023
In a social media submit, Teng highlighted that, because the CEO of Binance, his two priorities shall be to reassure customers that they’ll stay assured within the monetary energy, safety, and security of the corporate” and collaborate with “regulators to uphold excessive requirements globally that foster innovation whereas offering vital shopper protections.”
Apparently, Binance employed a number of former regulatory executives through the years throughout many roles. One of many outstanding appointments was Brian Brooks, who helmed the Workplace of the Comptroller of the Forex, because the CEO of Binance’s US arm. Nevertheless, he stepped down in solely a few months.
