BitMEX Proprietor HDR Appoints Former Financial institution of China Exec to Board

A former financial institution exec has mentioned he’ll assist “remodel” BitMEX, only a week after the crypto derivatives alternate launched a brand new company service.

Introduced Tuesday, BitMEX proprietor HDR World Buying and selling mentioned David Wong – a former deputy CEO at Financial institution of China, the second-largest financial institution in Hong Kong – will be a part of its board as a non-executive chairman to assist develop and switch the Seychelles-based entity right into a “world-class monetary expertise firm.”

Wong had beforehand been the South-East Asian head of Dutch financial institution ABN AMRO, earlier than heading up the monetary markets division at Financial institution of China. Since leaving the latter financial institution in 2013, Wong has turn out to be a board member for a variety of corporations, together with varied actual property trusts and a life insurance coverage firm.

In response to his Bloomberg profile, he additionally sits on the board for Singapore’s Vitality Market Authority, in addition to its Civil Service School, which presents academic packages for presidency workers.

“Having the ability to entice somebody of David’s calibre is a testomony to the space HDR has traveled,” mentioned Arthur Hayes, HDR’s CEO and co-founder.

In the identical assertion, Wong mentioned HDR had an “inspiring imaginative and prescient for the long run,” however didn’t elaborate on what that was or how he would assist remodel the corporate.

Final week, HDR launched a brand new account service for company clients, that comes with enhanced safety and full-time relationship managers, liaisons between the alternate and purchasers, that are commonplace in conventional finance.

BitMEX declined to touch upon the hiring when contacted by CoinDesk.