Uber, Goldman Sachs Veteran Joins Ripple as Asia Managing Director

Ripple taps a finance and tech veteran to be managing director in Southeast Asia.

AccessTimeIconMar 19, 2021 at 9:49 a.m. UTC
Updated Sep 14, 2021 at 12:29 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Ripple has hired Goldman Sachs and Uber tech veteran Brooks Entwistle to expand its operations in Southeast Asia.

  • In an announcement posted Thursday, Ripple said Entwistle has been appointed as the new managing director of its Southeast Asia business headquartered in Singapore.
  • Prior to joining Ripple, Entwistle worked for three decades in finance and technology firms, most recently at Uber, where he was chief business officer (international). Before that he spent more than 20 years at Goldman, including a stint as chairman of the bank's Southeast Asia business.
  • The appointment comes as Ripple is expanding its presence across Southeast Asia which includes 14 countries for its RippleNet and has seen transactions in the region grow 10 times in 2020.
  • Growth in Asia is particularly important to the company in light of its legal woes in the U.S. Ripple was sued by the Securities and Exchange Commission in December 2020 which alleges the firm violated securities law, arguing the company failed to register its XRP token as a security or seek an exemption before the company began selling it seven years ago. 
  • “The adoption of RippleNet among the region’s many fintechs, payments service providers and SMEs makes Southeast Asia our biggest market for both customer demand and transaction growth," said RippleNet general manager Asheesh Birla.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.