BitMEX Owner HDR Appoints Former Bank of China Exec to Board

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

Announced Tuesday, BitMEX proprietor HDR Global Trading stated David Wong – a former deputy CEO at Bank of China, the second-largest financial institution in Hong Kong – will be part of its board as a non-executive chairman to assist develop and switch the Seychelles-based entity right into a “world-class financial technology company.”

Wong had beforehand been the South-East Asian head of Dutch financial institution ABN AMRO, earlier than heading up the monetary markets division at Bank of China. Since leaving the latter financial institution in 2013, Wong has change into a board member for a spread of firms, together with numerous actual property trusts and a life insurance coverage firm.

According to his Bloomberg profile, he additionally sits on the board for Singapore’s Energy Market Authority, in addition to its Civil Service College, which affords instructional packages for presidency staff.

“Being able to attract someone of David’s calibre is a testament to the distance HDR has traveled,” stated Arthur Hayes, HDR’s CEO and co-founder.

In the identical assertion, Wong stated HDR had an “inspiring vision for the future,” however didn’t elaborate on what that was or how he would assist rework the corporate.

Last 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.


The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an unbiased working subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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