A former bank exec has mentioned he’ll assist “transform” BitMEX, only a week after the crypto derivatives exchange launched a brand new company service.
Introduced Tuesday, BitMEX proprietor HDR International Buying and selling mentioned David Wong – a former deputy CEO at Bank of China, the second-largest bank in Hong Kong – will be a part of its board as a non-executive chairman to assist develop and switch the Seychelles-based entity right into a “world-class financial technology company.”
Wong had beforehand been the South-East Asian head of Dutch bank ABN AMRO, earlier than heading up the monetary markets division at Bank of China. Since leaving the latter bank in 2013, Wong has turn out to be a board member for a spread of firms, together with varied actual property trusts and a life insurance coverage firm.
In accordance with his Bloomberg profile, he additionally sits on the board for Singapore’s Vitality Market Authority, in addition to its Civil Service School, which affords academic applications for presidency staff.
“Being able to attract someone of David’s calibre is a testament to the distance HDR has traveled,” mentioned Arthur Hayes, HDR’s CEO and co-founder.
In the identical assertion, Wong mentioned HDR had an “inspiring vision for the future,” however didn’t elaborate on what that was or how he would assist rework the corporate.
Final week, HDR launched a brand new account service for company prospects, that comes with enhanced safety and full-time relationship managers, liaisons between the exchange and purchasers, that are commonplace in conventional finance.
BitMEX declined to touch upon the hiring when contacted by Fintech Zoom.
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