Binance.US Bumps Brian Shroder to CEO; CFO Departs

The U.S. arm of the cryptocurrency exchange giant named Eric Segal as its interim CFO.

Oct 8, 2021 at 4:33 p.m. UTC
Updated Oct 8, 2021 at 5:32 p.m. UTC

Binance.US has promoted Brian Shroder to CEO, the U.S. arm of the cryptocurrency exchange announced on Friday.

  • Shroder was already serving as Binance.US’ president and as a board member. He was previously a strategist and business development executive at Ant Group, an affiliate company of Chinese internet giant Alibaba, and was also an executive at Uber.
  • Shroder had been appointed president in September following the abrupt departure of former CEO Brian Brooks. Brooks, the ex-head of the U.S. Office of the Comptroller of the Currency, had been the CEO for just four months.
  • Binance.US also announced it was appointing Eric Segal as its interim chief financial officer (CFO) replacing Joshua Sroge, who is leaving the company.
  • “I look forward to growing our team further as we continue to expand our products and services and begin our initial first steps on our pathway to IPO,” Shroder said in a statement.
  • Segal will serve as CFO until a permanent CFO is appointed. The company said that it was working with the executive recruiting firm Russell Reynolds Associates on a permanent replacement.

UPDATED (Oct. 8 16:51 UTC): Updated with information about Shroder’s previous positions in the first bullet point.

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