In a major shift at Binance, Richard Teng has been appointed as the new CEO, succeeding Changpeng Zhao. Teng, a expertise figure in the financial industry, brings a wealth of experience, having served in key roles, including CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market.
A Singaporean businessman and former regulator, Teng holds degrees in accountancy and business administration. His journey with Binance began in 2021 as the Head of Regional Markets, overseeing operations across Asia, Europe, the Middle East, and North Africa.
Teng emphasizes trust, transparency, and compliance, pledging to collaborate closely with Zhao and the team to advance Binance's mission. Zhao expressed confidence in Teng's leadership, citing his three decades of financial services and regulatory experience.
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