Following a settlement with the Department of Justice, Binance announces that Richard Teng will succeed Changpeng Zhao as Binance CEO.

Richard Teng is an experienced executive with over three decades of financial services and regulatory experience. He joined Binance in August 2021 as CEO of Binance Singapore.

Soon thereafter, he held roles looking after the MENA region, the European region, and ultimately all regions outside of the U.S. as the Head of Regional Markets at Binance. In this role, he led regional teams to secure strategic partnerships, foster an ecosystem of innovation, and expand the cryptocurrency ecosystem within the respective regions.

Prior to joining Binance, Richard Teng was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM).

His vast experience also includes previous roles as the Chief Regulatory Officer of the Singapore Exchange (SGX) and Director of Corporate Finance at the Monetary Authority of Singapore. Richard Teng received his Masters in Applied Finance (Distinction) from the University of Western Australia and a Bachelor of Accountancy (1st Class) from Nanyang Technological University.