By
Chimamanda U. Martha
April 25th, 2024
The announcement described Brian Shroder as an accomplished business executive and entrepreneur that had successfully overseen strategic positions for notable global companies.
After the sudden resignation of its former CEO, Binance.US changes face, as it announced the appointment of Brian Shroder, a veteran executive with long-standing experience in Asia, as the new president of the leading crypto exchange in the United States.
Binance.US announced in a blog that its new appointment, Brian Shroder, is an experienced top executive who has worked in Asia with firms like Uber and Ant Group, the giant Chinese fintech startup. The announcement also revealed that the new president would be responsible for Binance.US’s strategy and execution, fundraising, and more.
“Today, we are excited to welcome Brian Shroder as President of Binance.US. As President, Brian will oversee the company’s strategy and execution, fundraising, business, and corporate development and manage the firm’s Legal, HR, Product, and Technology functions. Most recently, Brian held senior executive positions at Ant Group and Uber,” wrote the company.
This is coming on the back of the recent leadership issues that have seen Brian Brooks, former Binance.US CEO, quitting the job three months after resuming duty, and Catherine Coley, his predecessor, who the firm suspended as president in May.
The announcement described Brian Shroder as an accomplished business executive and entrepreneur that had successfully overseen strategic positions for notable global institutions. One of such is Ant Group, where he helped grow and expand the company’s operations and global partnerships. He also served at Uber as Head of Strategy and Business Development, focusing on strategy, business development, corporate development, and fundraising.
In his response to the appointment, Brian Shroder said:
“I look forward to working with the team to build further a customer-centric organization that leads through our superior technology and our focus on providing innovative products and services. Furthermore, I look forward to sharing our exciting story with the broader investment community as we begin our journey towards IPO.”
However, it is uncertain if the existing non-independent nature of the Binance.US that led to the resignation of Brian Brook would continue with Brian Shroder, as CZ could still be in charge.
In the comment of Binance CEO, he lauded Schroder, saying, that “his substantial experience in strategy, operations, and business and corporate development will be critical as Binance.US seeks to raise external funds to support its rapid growth.”