Huobi Exchange Hires Compliance Chief Out Of Global Bank State Street
This past Year, Coinbase on-boarded a bunch of former Wall Street execs, like Brian Brooks out of Fannie Mae, Chris Dodds by Charles Schwab, Oputa Ezediaro by JPMorgan, Eric Scro from the New York Stock Exchange and Christine Sandler by Barclays. This month, a former chairman of NASDAQ Europe, Hans-Ole Jocumsen, joined the Swiss-based non-profit Concordium Foundation, which is now building an AML/KYC-compliant blockchain.
Huobi image via Shutterstock
Indeed, a number of former Wall Street pros and alumni of leading traditional fund companies recently united blockchain- and – crypto-related startups.
Neil Dundon, manager of CryptoRecruit, the specialized headhunter company that recruited Sun to get Huobi, informed CoinDesk the flow of IT and finance professionals into the crypto area has come to be a strong trend.
“CryptoRecruit has seen a enormous increase in the variety of individuals from conventional banks who are extremely receptive when we approach them for potential career opportunities in crypto,” he explained. “Programmers are moving from technology companies since last year except to see bankers creating the move is reassuring concerning where the future of this industry is headed. ”
As regulators in different nations are paying ever-closer focus at crypto, Huobi expects to benefit from Sun’s experience in dealing with government bodies across the Earth, the business said.
Sun functioned at State Street for over six years and earlier worked at a Singapore-based OCBC lender in the Shanghai City workplace, according to her LinkedIn profile.
Huobi, the next largest cryptocurrency market by daily trading volume, has already hired a senior practitioner by a significant U.S.-based worldwide lender.
&ldquoWe are pleased to welcome Elaine into the Huobi family. Her experience in compliance and at conventional financial markets will definitely be an asset to the organization as we seem to make sure our work and compliance with regulatory bodies,” Fu Liting, HR manager of Huobi Group, said through a spokesperson.
Revealed exclusively to CoinDesk, Elaine Sun Ye Lin, former leader of compliance to the Chinese branch of State Street, combined the Singapore-based market for a compliance manager a month. In accordance with Huobi spokesperson Jiayi Li, Sun will direct Huobi’s compliance efforts globally.