Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has announced the creation of its new Global Advisory Board (GAB), comprised of “distinguished” experts in public policy, government, finance, economics, and corporate governance.
The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, France. The board’s purpose is to advise Binance on some of the most complex regulatory, political, and social issues the entire crypto industry faces as it grows and evolves at a fast pace.
“For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3,” said Binance founder and CEO Changpeng Zhao.
“In that time, we’ve tackled complex issues no one even knew existed. We’ve maintained our focus throughout on delivering compliance solutions that protect the interests of crypto users, while keeping a brisk pace of socially-beneficial innovation. The GAB represents the next big step forward in our journey to share the benefits of modern finance and the blockchain with the entire world.”
“The blockchain and crypto industry can act as a true catalyst for growth and economic opportunities. For the cities that are willing to partner with companies like Binance in order to create progressive regulations and an effective Web3 environment, I expect it to enable a number of investments into the space. I look forward to working with a number of experts as part of Binance’s Global Advisory Board in order to collaborate,” said South Africa’s Leslie Maasdorp.
Prior to joining Binance’s Global Advisory Board, Leslie has served as the Vice President and Chief Financial Officer of the New Development Bank, Former MD & President for Southern Africa at Bank of America Merrill Lynch, Former Vice Chairman of Barclays Capital and Former International Adviser to Goldman Sachs.
Binance is harnessing the GAB’s collective experience and expertise to benefit the sustainable development of the industry as a whole, by weighing in on the toughest and most sensitive regulatory and compliance issues facing crypto, blockchain, and Web3.
“We always put our users first, and that’s served as a very effective North Star for us over the past five years of unprecedented, exciting growth,” Zhao said.
“With the GAB, we’re supercharging our ability to manage regulatory complexity by tapping into the highest level of expertise available anywhere in the world. This collaboration between Binance and the leading experts of the GAB is a testament to our focus on compliance, transparency and ensuring a collaborative relationship with the world’s regulators as they develop sensible regulations worldwide.”
The GAB’s roster includes:
- Max Bacus – USA
Former U.S. Ambassador to the People’s Republic of China; Former U.S. Senator Montana; Former Chairman of Senate Committee on Finance.
- Ibukun Awosika – Nigeria
First Female Chairman, First Bank of Nigeria; Founder, The Chair Centre group; Chairman, Nigerian Advisory Board, for Impact Investing and Convention on Business Integrity; Member G7 International Task Force for impact investing; Author of several books.
- HyungRin Bang – Korea
Advisor of the Korea Presidential Committee; PR/Communications Advisor of Yoon Seuk-Yul’s 2022 Presidential Campaign; Former CEO, SoftForum Inc.; Former Executive Director, Hyundai; Former Executive Director, Samsung.
- Bruno Bezard – France
Managing Partner of Cathay Capital; Former Vice Minister of Finance; Former Economic Advisor to the French Prime Minister; Former head of the French Treasury.
- Leslie Maasdorp – South Africa
Vice President and Chief Financial Officer of the New Development Bank; Former MD & President for Southern Africa at Bank of America Merrill Lynch; Former Vice Chairman of Barclays Capital; Former International Adviser to Goldman Sachs.
- Henrique de Campos Meirelles – Brazil
Former Minister of the Economy, Former President of the Central Bank of Brazil, Former Chair of J&F’s board of directors, Former Member of the Board of Directors of Azul Brazilian Airlines, Former President, Bank Boston; Former President of Global Banking, Fleetboston Financial; Former Board member, Raytheon Corporation, Bestfoods and Champion International. Former Member of the Council of Lloyd’s of London; Former Chairman of Lazard Americas.
- Adalberto Palma – Mexico
Honorary Board Member of The Aspen Institute Mexico; Former Senior Advisor at the Chief of Staff Office to the President of Mexico; Director of Business Development at BEworksMX Consulting; Former President of the CNBV; Founding Chairman of The Center for Excellency in Corporate Governance. Independent Director of the Institute for Savings Protection; President of Bankers Trust Mêxico, Colombia and Venezuela; Managing Director of Citibank Mexico.
- David Plouffe – USA
Business, Non-Profit and Political strategist; Author, Member of Various Boards of Directors; Former Campaign Manager Senior Advisor to President Obama in the White House.
- Christin Schäfer – Germany
Founder and Managing Director of acs plus; Former Group Risk Operating Officer, Erste Group Bank; Former Global Head of Quantitative Solutions, Deutsche Bank, Member of the Data Ethics Commission, German Federal Government.
- Lord Vaizey – UK
Member of the House of Lords; Former Minister and Member of Parliament.
- David Wright – Europe
Chair, EUROFI; Former Secretary General, IOSCO, Former European Commission; Dep DG Financial markets, European Commission.
By Staff Writer.