Key Points:
Richard Teng, a former chief regulatory officer of the Singapore Exchange (SGX) and director of corporate finance at the Monetary Authority of Singapore (MAS), has succeeded Zhao Changpeng as the CEO of Binance. Richard Teng brings a wealth of experience in financial services and regulatory affairs to the role and is committed to leading Binance into a new era of growth and innovation.
In a statement, Binance’s New CEO expressed gratitude for the opportunity to lead Binance, emphasizing the company’s strong foundation and promising future. “It is an honor and with the deepest humility that I step into the role of Binance’s new CEO,” said Richard Teng. “We operate the world’s largest cryptocurrency exchange by volume. The trust placed on us by our 150 million users and thousands of employees is a responsibility that I take seriously and hold dear.”
Binance’s New CEO outlined three key areas of focus for his tenure:
Richard Teng expressed confidence in Binance’s ability to continue to meet and exceed the expectations of its stakeholders. “With CZ’s and our leadership team’s support, I have accepted this role so that we can continue to meet and exceed the expectations of stakeholders while achieving our core mission, the freedom of money,” said Richard Teng. “The foundation on which Binance stands today is stronger than ever. To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and committed team.”
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