Richard Teng is a Singaporean business executive who is the

chief executive officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

(CEO) of

Binance Binance Holdings Ltd., branded Binance, is the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies. Binance was founded in 2017 by Changpeng Zhao, a developer who had previously created high-frequency trading ...

, a

cryptocurrency exchange A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Exchanges may acce ...

. Previously, he worked for the

Monetary Authority of Singapore The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as ...

and was chief regulatory officer of the

Singapore Exchange Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating Equity (finance), equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and ...

and CEO of the

Abu Dhabi Global Market Abu Dhabi Global Market (ADGM) is an international financial centre and free zone located on Al Maryah Island in the United Arab Emirates's capital, Abu Dhabi. The financial centre was established in 2013 and became fully operational in Octobe ...

Early life and education

Teng was born in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

. He earned an accounting degree from

Nanyang Technological University Nanyang Technological University (NTU) is a public research university in Singapore. Founded in 1981, it is also the second oldest autonomous university in the country. The university is organised across numerous colleges and schools, includi ...

and a

master's degree A master's degree (from Latin ) is a postgraduate academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional prac ...

in applied finance from the

University of Western Australia University of Western Australia (UWA) is a public research university in the Australian state of Western Australia. The university's main campus is in Crawley, Western Australia, Crawley, a suburb in the City of Perth local government area. UW ...

Career

Teng was a

civil servant The civil service is a collective term for a sector of government composed mainly of career civil service personnel hired rather than elected, whose institutional tenure typically survives transitions of political leadership. A civil service offic ...

and business executive in the financial and regulatory sectors for three decades. He was the director of

corporate finance Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...

at the

, where he worked for thirteen years. He later held multiple positions at the

(SGX), including: senior vice president, head of issuer regulation, chief of staff for risk management, and chief regulatory officer. He was CEO of the

for six years starting in 2015. Teng joined

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 The Middle East and North Africa (MENA), also referred to as West Asia and North Africa (WANA) or South West Asia and North Africa (SWANA), is a geographic region which comprises the Middle East (also called West Asia) and North Africa together ...

, 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 Changpeng Zhao ( zh, s=赵长鹏, p=Zhào Chángpéng), commonly known as CZ, is a Chinese-born Canadian businessman. Zhao is the co-founder and former CEO of Binance. He resigned as the CEO in November 2023 after pleading guilty to a money lau ...

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 The World Economic Forum (WEF) is an international non-governmental organization, international advocacy non-governmental organization and think tank, based in Cologny, Canton of Geneva, Switzerland. It was founded on 24 January 1971 by German ...

{{DEFAULTSORT:Teng, Richard Living people Year of birth missing (living people) Singaporean business executives People associated with cryptocurrency Singaporean financial businesspeople 21st-century Singaporean businesspeople Nanyang University alumni Western Sydney University alumni Singaporean civil servants