Richard Teng
Richard Teng is the CEO of Binance, the world's largest cryptocurrency exchange. He succeeded Binance co-founder Changpeng Zhao following his abrupt exit and guilty plea for breaking US money laundering laws. In his new role, he supports the blockchain and crypto adoption by actively engaging both mainstream and Web3 stakeholders. Teng is an experienced executive with over three decades of financial services and regulatory experience. Prior to joining Binance, he was the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market, where he showcased his capabilities as one of the world’s foremost innovative regulators. He also served as Director of Corporate Finance at the Monetary Authority of Singapore and Chief Regulatory Officer of the Singapore Exchange.
Richard Teng Professional Experience / Academic History
Professional Experience
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Chief Executive Officer
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Head of Regional Markets
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Chief Executive Officer
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Chief Regulatory Officer
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Director of Corporate Finance
Academic History
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Executive Leadership Program
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Master's Degree. Applied Finance
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Bachelor's Degree, Accountancy
Teng joined Binance in 2021 as CEO of the crypto exchange's Singapore division, quickly rising through the ranks to oversee the Middle East and North Africa region.
He served as Regional Head of MENA, where he led the team to secure strategic partnerships, foster an ecosystem of innovation, and expand the regional cryptocurrency ecosystem.
He was named CEO after CZ was forced to resign from the top job as a part of an anti-money laundering charge settlement with the US government.
CURRENT APPOINTMENTS
International Council Member, Global FinTech Institute
Advisory Board member, Blockchain Association Singapore
CAREER HIGHLIGHTS
His MAS regulatory experience spanned banking, insurance and capital market segments.
In various capacities, he helped shape the transformation of Singapore’s financial services sector in the late 1990s, particularly the development of private banking and capital market sectors.
In 2007, Teng moved to the Singapore Exchange (SGX) as the Chief Regulatory Officer.
Working closely with the MAS, he helped formulate policy and framework in listing, trading and clearing.
He played a significant role in creating the contours of the regulatory framework at the ADGM, becoming one of the first regulators in the world to introduce a crypto framework, drawing from common law and global best practices.
MEDIA & PUBLICATIONS
Teng has been featured in numerous financial media outlets and publications, including BBC, Business Insider, Bloomberg, Reuters, Fortune, Forbes, and more.
He has also been featured in Blockworks and CoinDesk.
He has appeared as a guest on Real Vision.