Who is the new Binance CEO Richard Teng?

ForkLog studied the experience of the new head of Binance and found out how former colleagues assess the prospects of the platform under his leadership.

30 years in financial services

According to official information , Richard Teng joined the Binance team in August 2021 as the CEO of Binance Singapore.

Soon after, he became the head of Binance inMENA, then Europe and eventually all regions outside the US. In this role, Teng led local teams to drive strategic partnerships, drive innovation, and grow the local cryptocurrency ecosystem.

He has over 30 years of experience in financial services and regulation. Prior to joining Binance, Teng served as CEO of the Abu Dhabi Global Market (ADGM) Financial Services Authority.

He was also Chief Regulatory Officer of the Singapore Exchange and spent 13 years as Director of Corporate Finance at the Monetary Authority of Singapore, covering banking, insurance and other capital market segments. 

Teng completed his Master of Applied Finance with honors from the University of Western Australia and received a First Class Bachelor of Accounting from Nanyang Technological University.

Commenting on his appointment, the new head of Binance said he will focus on working with regulators “to globally maintain high standards that promote innovation and ensure consumer protection.” He also plans to continue working with the company's partners to drive growth and adoption of #Web3

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