Binance Holdings Ltd. named a board of directors for the first time, as the world’s largest cryptocurrency exchange seeks to reshape itself after pleading guilty last year to US charges of anti-money laundering and sanctions violations.
Gabriel Abed, who served as ambassador of Barbados to the United Arab Emirates, was named as chairman. The seven-member board also includes Chief Executive Officer Richard Teng, along with three other company executives - Heina Chen, Jinkai He, and Lilai Wang. The two other outside members are Arnaud Ventura, managing partner at investment firm Gojo & Co, and Bayview Acquisition Corp. CEO Xin Wang. The appointments were effective March 7, according to the Abu Dhabi Global Market website.
Chen, He and Wang are some of the earliest employees at Binance, and are named as founding team members of the crypto exchange. Chen is currently a senior executive and co-founder of Binance, according to a spokesperson. Wang is responsible of Binance’s technology development and He has led several critical units at Binance including fiat for on- and off-ramps.
