Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the creation of its new Global Advisory Board (GAB), composed of distinguished experts in public policy, finance, economics, and corporate governance.
According to the announcement, 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.
The new board is composed of well-known 11 members which include two Africans, Leslie Maasdorp from South Africa and Ibukun Awosika from Nigeria. Others include Former U.S. Ambassador to the People’s Republic of China, Max Bacus (USA), Advisor of the Korea Presidential Committee, HyungRin Bang (Korea), Managing Partner, Cathay Capital, Bruno Bezard (France), Former Minister of the Economy, Brazil and Henrique de Campos Meirelles (Brazil).
Others include the Honorary Board Member of The Aspen Institute Mexico, Adalberto Palma (Mexico), Non-Profit and Political strategist, David Plouffe (USA), Founder and Managing Director of acs plus, Christin Schäfer (Germany), Member of the House of Lords, Lord Vaizey (UK) and Chair, EUROFI, David Wright (Europe).
Commenting on the creation of this new Advisory Board, Binance founder and CEO, Changpeng 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.”
Africans in the list
The significant part of the development for Africans is the inclusion of two of the continent’s best brains in person, Ibukun Awosika of Nigeria and Leslie Maasdorp of South Africa.
Mrs Ibukun Awosika was the First Bank of Nigeria’s first female chairman and a member of its board of directors. She is also a member of Cadbury PLC board of directors. She holds a BA degree in Chemistry from the University of Ife, Nigeria(now Obafemi Awolowo University). She is also an alumna of the Chief Executive Programme of Lagos Business School and the IESE Business School’s Global Executive MBA in Barcelona, Spain.
She serves on the International Advisory Board of IESE Business School in Barcelona, Spain, and is a member of the Nigerian Economic Summit Group (NESG).
Ibukun Awosika, commenting on the new appointment said:
“The transparency and accountability with which Binance seeks to deliver services to its clients is impressive. As a company of the future, Binance must continue to evolve, build and find solutions in real time. I am proud to play a role as a member of its Global advisory board and to be a part of truly transforming the web3 economy.”
Before joining the Binance Global Advisory Board, Leslie served as the Vice President and Chief Financial Officer of the New Development Bank. He graduated from the University of the Western Cape with a BA in Economics and Psychology and holds an MSc in Economics from SOAS, University of London. With over 25 years of experience in investment banking, corporate strategy, and economic policymaking, he has held important executive positions during this time in the public and private sectors.
In 2002, Leslie was the first African to be appointed as an international adviser to Goldman Sachs. In 2006 he was appointed as Managing Director and Vice Chairman of Barclays Capital. In 2011 he was appointed as President of Bank of America Merrill Lynch In July 2014.
Commenting on the new collaboration with Binance, Leslie Maasdorp said,
“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.”
Congratulations to Africa!