- Binance appoints former NY Fed Chief Martin Grant to the firm’s Board of Directors for BAM Management US Holdings.
- Grant boasts more than three decades of regulatory, legal, and compliance experience.
- Binance.US Interim CEO Norman Reed addresses Grant as a world-class legal and ethical compliance executive.
Binance US declared the appointment of Martin Grant, the former New York Fed Chief, to the platform’s Board of Directors for BAM Management US Holdings.
Grant served the NY Fed from 2005 to 2022 with decades of regulatory, legal, and compliance experience. He served the Fed as Chief Compliance and Ethics Officer, dealing with anti-money laundering programs, sanction enforcement, data privacy, risk assessment, etc.
Binance.US Interim CEO Norman Reed commented that Martin is a “world-class legal and ethical compliance executive with unparalleled experience instituting best practices in compliance, conduct, and governance at the highest levels of government and financial services.” Acknowledging the inclusion of Grant into the Binance team, Reed added,
“The addition of a director of Martin’s caliber to the Binance.US Board reflects the strength of our business and demonstrates our commitment to maintaining the highest standards of compliance and integrity.”
At present, Grant is working as the Global Head of Regulatory Affairs & Integrity at JST Digital, a global financial services company. He joined the firm in 2022, ensuring regulatory best practices.
Grant shared his enthusiasm for joining Binance US, commenting, “It is an honor to join the Binance.US Board.” Further, he stated,
“It is an honor to…be part of an organization built from the ground up to connect Americans to the digital asset industry in a safe, responsible, and compliant manner. The American digital asset industry is at an inflection point, and I am excited to help guide the future of one of the country’s most influential and customer-centric crypto platforms.”
Amidst increasing legal challenges, Binance US had previously reduced a significant portion of its workforce. However, the addition of a person like Grant, with immense regulatory knowledge and experience, is likely to aid Binance’s legal struggles.
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