Binance Singapore has appointed Richard Teng as Chief Executive Officer while Deutsche Bank has appointed Dominique Jooris as head of wealth solutions coverage for Asia-Pacific.
Binance Singapore appoints CEO
Binance Singapore, the fiat-to-crypto platform for trading of cryptocurrencies in Singapore Dollars (SGD), has announced the appointment of Richard Teng, former chief of Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), as chief executive officer (CEO).
“We are witnessing rapid mainstream adoption of the blockchain and crypto technology, leading to the need for greater understanding and appreciation amongst individuals, institutions and governments. We seek to work closely with industry leaders and policymakers to enhance understanding of this fast-growing industry and support its sustainable growth,” Teng said.
Teng played a pivotal role in enabling ADGM to gain international recognition by global regulators and industry bodies.
Prior to joining ADGM, Teng was the chief regulatory officer at the Singapore Exchange (SGX). He led the regulation group responsible for policy, framework and rule formulation in the areas of listing, trading and clearing as well as regulatory solutioning for new products and services.
Binance Singapore offers Singapore citizens and residents trading pairs for Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB). The platform provides SGD deposit and withdrawal functionality via Xfers Direct.
The company was launched in 2019 with the backing of Vertex Ventures China as well as Vertex Ventures Southeast Asia and India.
Deutsche Bank appoints head of wealth solutions coverage for APAC
Deutsche Bank has appointed Dominique Jooris as head of wealth solutions coverage for Asia-Pacific, per a report by The Asset.
In this new role, he will drive coverage of the region’s burgeoning number of wealthy individuals and families.
Before joining Deutsche Bank, Jooris was the CEO of Bank Pictet in Singapore. Previously, he has held various senior management roles including 11 years at Goldman Sachs.
In August, Reuters reported that Deutsche Bank Wealth Management hired three executives from Credit Suisse to work across Southeast Asia as part of an ongoing expansion strategy for the region.