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28 September 2021

Binance U.S. Names Former Ant and Uber China Exec as President - Decrypt

Binance U.S. Names Former Ant and Uber China Exec as President - Decrypt


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Binance announced on Thursday that Brian Shroder, an executive who has overseen operations in Asia for Uber and the Chinese fintech giant Ant Group, will take on the role of President at Binance.US.

But it also comes after a period of upheaval that saw CZ oust the former CEO of Binance.US, Catherine Coley, in May only to have her successor, Brian Brooks, abruptly quit in August.

These questions were raised anew in the wake of Brooks' sudden departure, which led the New York Times and New York magazine to report he had quit after CZ reneged on a plan to make Binance.US more autonomous through a new board structure and a new fundraising round.

It's unclear if the hiring of Shroder, who will also receive a seat on the board of Binance.US, will allay these concerns over the American company's independence.

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