Meet Richard Teng, the New CEO of Binance
Crypto world rattled by sudden exit of Changpeng "CZ" Zhao as Binance CEO
Cryptocurrency sphere was shaken by the abrupt departure of Changpeng "CZ" Zhao. The burning question on everyone's mind now is, who is the new captain steering the ship at Binance?
Let's delve into the rise of Richard Teng, the freshly appointed leader.
Hailing from Singapore, Mr Teng joined the ranks of the world's largest crypto exchange just over two years ago, initially assuming the role of CEO for his Binance, Singapore.
This pivotal period coincided with Binance facing a rigorous Justice Department investigation.
As regulatory pressures intensified on both the company and Mr Zhao, Teng swiftly ascended through the ranks, orchestrating in the background.
A glance at his LinkedIn profile reveals a dynamic career trajectory. Holding the position of Binance, Singapore CEO for a mere five months, Teng's career trajectory soared as he secured the role of Regional Head for Europe, Asia, and the Middle East and North Africa in April 2023.
This ascent continued as he transitioned to become the Head of Regional Markets in May, culminating in his recent appointment as the head of Binance.
Mr Teng brings a wealth of experience to the forefront. Before stepping into the crypto realm, he navigated the traditional financial and regulatory sectors.
His roles included Director of Corporate Finance at the Monetary Authority of Singapore (MAS) and Chief Regulatory Officer at the Singapore Exchange (SGX).
Prior to his tenure at Binance, Teng undertook pivotal roles in the international financial landscape.
He assumed the role of CEO at the Abu Dhabi Global Market (ADGM), a significant financial centre in the United Arab Emirates.
