- Source: Richard Teng
Richard Teng is the chief executive officer (CEO) of Binance, a company that operates one of the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. 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.
Early life and education
Teng was born in Singapore. He earned an accounting degree from Nanyang Technological University and a master's degree in applied finance from the University of Western Sydney.
Career
Teng was a civil servant and business executive in the financial and regulatory sectors for three decades. He was the director of corporate finance at the Monetary Authority of Singapore, where he worked for thirteen years. 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. He was CEO of the Abu Dhabi Global Market for six years starting in 2015.
Teng joined Binance in August 2021 as CEO of the company's Singapore business. He became regional head of Asia, Europe, and the Middle East and North Africa, in April 2023, and was later the global head of regional markets. 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. Previously, Teng was a board member of Abu Dhabi-based Lulu Financial Group in 2021–2022.
References
External links
Richard Teng at World Economic Forum
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