Who is Richard Teng, who replaced Changpeng Zhao as the CEO of Binance, the world’s largest cryptocurrency exchange?
Richard Teng joined Binance in 2021 in Singapore, where he is a citizen. CEO of Binance Singapore He participated as.
Teng, who worked with this title for 5 months, later became the regional manager of the Middle East and North Africa, Europe and Asia regions. Then in May 2023 Regional Markets Manager came to his role.
Changpeng Zhao, who published a farewell message to the company, said that Teng “a very qualified leader” He said that he “will steer the company through its next phase of growth with his more than three decades of experience in financial services and regulatory matters.”
Teng was involved in more traditional industries before working at Binance. Singapore’s central bank is at MAS for 13 years Teng, who served as corporate finance director, then for 7 years He became the chief regulatory officer of the Singapore Exchange.
Teng later worked at Abu Dhabi Global Market (ADGM), the international financial center of the United Arab Emirates. 6 years He served as CEO. ADGM also manages digital asset regulations.
Binance in US lawsuit $4.3 billion The compromise complicates Teng’s job as CEO.
Teng, the company financial strength And reliability to users about to instill confidence It said it would work with regulators to “comply with high standards that provide important protections for customers while supporting innovation.”