Richard Teng is a Singaporean business executive who is the co-chief executive officer (CEO) of Binance, a cryptocurrency exchange. Previously, he worked for the Monetary Authority of Singapore and was chief regulatory officer of the Singapore Exchange and CEO of the Abu Dhabi Global Market.
Richard Teng | |
|---|---|
 Richard Teng speaking at Binance Blockchain Week 2023 in Istanbul | |
| Born | 1969 or 1970 (age 55–56)[1] |
| Alma mater | Nanyang Technological University The University of Western Australia |
| Occupation | CEO of Binance |
| Employer | Binance |
Early life and education
editTeng was born in Singapore.[2] He earned an accounting degree from Nanyang Technological University and a master's degree in applied finance from the University of Western Australia.[3]
Career
editTeng was a civil servant and business executive in the financial and regulatory sectors for three decades.[4][5] He was the director of corporate finance at the Monetary Authority of Singapore, where he worked for thirteen years.[citation needed] He later held multiple positions at the Singapore Exchange (SGX), including: senior vice president, head of issuer regulation, chief of staff for risk management, and chief regulatory officer.[2] He was CEO of the Abu Dhabi Global Market for six years starting in 2015.[6]
Teng joined Binance in August 2021 as CEO of the company's Singapore business.[2] He became regional head of Asia, Europe, and the Middle East and North Africa, in April 2023,[6] and was later the global head of regional markets.[3][7] He was named CEO of Binance in November 2023, replacing founder Changpeng Zhao who stepped down after pleading guilty to criminal charges related to his management of Binance.[8][9] Previously, Teng was a board member of Abu Dhabi-based Lulu Financial Group in 2021–2022.[2]
References
edit- ^ Ghosh, Suvashree; Irrera, Anna; Bartenstein, Ben (November 21, 2023). "New Binance CEO Teng's First Job Is to Avert Customer Exodus". Bloomberg News.
- ^ a b c d Cabral, Alvin R. (November 22, 2023). "Richard Teng: the former Abu Dhabi financial regulator named as new Binance chief". The National.
- ^ a b "Binance gets new CEO amid US money laundering probe – Who is Richard Teng?". Mint. 28 November 2023.
- ^ Lacqua, Francine; Nicolle, Emily (November 29, 2023). "Binance's Top Executive Team to 'Remain Intact,' New CEO Says". Bloomberg News.
- ^ Wilson, Tom; Howcroft, Elizabeth (November 24, 2023). "Binance CEO Teng braced for uphill battle in post-Zhao era". Reuters.
- ^ a b Oi, Mariko (21 November 2023). "Richard Teng: Who is the new boss of Binance?". BBC News.
- ^ Jeans, David (November 21, 2023). "Richard Teng A Top Contender For New Binance CEO As CZ Steps Down". Forbes.
- ^ Roberts, Jeff John (November 27, 2023). "New Binance CEO Richard Teng says firm has 'robust timeline' for board, financial disclosures". Fortune.
- ^ Sigalos, MacKenzie; Browne, Ryan (November 21, 2023). "Changpeng Zhao speaks out after pleading guilty to criminal charges, names Richard Teng as new Binance CEO". CNBC.
External links
edit[[Category:Afghanastan civil servants]]