Binance announces the creation of the Global Advisory Board
Binance announces the creation of the Global Advisory Board

Binance announces the creation of the Global Advisory Board

By Patrick Verardi - 22 Sep 2022

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Binance, the world’s largest cryptocurrency exchange by trading volume, is pleased to announce the creation of its new Global Advisory Board (GAB), composed of distinguished experts in public policy, finance, economics, and corporate governance.

Binance’s Global Advisory Board

The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently met in Paris. The purpose of the board is to advise Binance on some of the most complex regulatory, political, and social issues facing the entire cryptocurrency industry due to its rapid growth and evolution. Senator Baucus is joined by former IOSCO Secretary General and former European Commission member David Wright, among others.

Changpeng Zhao “CZ”, Founder and CEO of Binance, states:

“For the past five years, Binance has been at the forefront of pioneering the exciting new world of crypto, blockchain, and Web3. 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.”

David Wright comments:

“Cryptocurrencies are increasingly challenging traditional finance. As they grow and the regulatory landscape evolves, the GAB will advise Binance on how to define and shape the optimal global and local development of future financial services, both traditional and blockchain-enabled. I look forward to working with GAB’s distinguished colleagues on these complex challenges.”

Binance will draw on the GAB’s unparalleled collective experience and expertise to foster the sustainable development of the entire industry by taking action on the most difficult and sensitive regulatory and compliance issues surrounding crypto, blockchain, and Web3.

CZ then concludes by saying:

“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. 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 list of GAB members  

Max Baucus – 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 Bézard – France

Managing partner of Cathay Capital; Former Economic Advisor to the French Prime Minister; Former Head of the French Treasury; Former CEO of the French Government Shareholding Agency

Leslie Maasdorp – South Africa

Vice President and Chief Financial Officer of the New Development Bank. Former MD and 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; Deputy Director General Financial markets, European Commission

About Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a range of financial products that includes the largest digital asset exchange by volume. 

Chosen by millions of people around the world, the Binance platform aims to increase financial freedom. Binance offers an unparalleled portfolio of crypto products and offerings, including education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions. 

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