Former Head of Regulatory Affairs at Singapore Exchange Appointed CEO of Binance Singapore
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Richard Teng, former head of regulatory affairs at the Singapore Exchange (SGX), has just taken over as a director of Binance Singapore, according to an announcement shared by the platform.

According to his profile on the professional social network LinkedIn, Teng has worked for the country's regulator for 13 years. He also served as executive director of the Abu Dhabi Financial Services Regulatory Authority at ADGM (Abu Dhabi Global Market).

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Changpeng Zhao, CEO of Binance, has said Teng's arrival at the company is a big step towards promoting Singapore's local cryptocurrency ecosystem and regulatory compliance.

Brian Brooks, CEO of the exchange's US division, stepped down earlier this month just 3 months after taking the position allegedly due to a conflict with the company's CEO.

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