Crypto Exchange Binance Names Its First Board of Directors
- Board includes three independent members, four insiders
- The firm still has not announced its global headquarters
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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.