WuBlockchain
Binance has appointed Justin Yek as its new chief financial officer, replacing Kaiser Ng, who is leaving to pursue a new venture, according to Bloomberg. The change was signaled well in advance: co-CEO Yi He said Ng spent more than five years at the exchange and that a transition plan had been in place for the past six months.
Yek arrives from Airwallex, where he served as vice president of finance, and previously led Southeast Asia technology investment banking at Morgan Stanley. Ng, who held the CFO seat at Kraken before joining Binance, departs with the handover framed internally as a deliberate, long-planned succession rather than an abrupt exit.
Frequently asked questions
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Who is Binance's new CFO?
Justin Yek, who previously served as vice president of finance at Airwallex and led Southeast Asia technology investment banking at Morgan Stanley.
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Why is Kaiser Ng leaving Binance?
Ng is departing to pursue a new venture, according to Binance co-CEO Yi He, after spending more than five years at the company.
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How long was the Binance CFO transition planned?
Co-CEO Yi He said a transition plan had been in place for the past six months, framing the change as a deliberate succession.
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Where did Kaiser Ng work before joining Binance?
Ng previously served as chief financial officer of Kraken, another major crypto exchange.
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What does Justin Yek's background bring to Binance?
A mix of fintech and traditional finance experience, spanning a finance leadership role at Airwallex and technology investment banking at Morgan Stanley.
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