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Lee noted that she was eager to join the decentralized finance (DeFi) and cryptocurrency environment for quite some time now.
Brian Shroder-backed Binance.US, an American-based partner of the world’s largest crypto exchange Binance, has recently hired ex-PayPal executive Jasmine Lee as its new chief financial officer (CFO). The latest hire will be responsible for the firm’s financial operations and accounting, as well as leading its finance department.
According to the official announcement issued on July 7th, Lee, attracted by Binance.US’s position in the market and growth potential, will replace the current firm’s CFO Eric Segal, who worked at the company for nearly a year. “I look forward to building out a best-in-class finance department at Binance.US that lays a strong foundation for continued growth and our path to a future IPO,” the new CFO added.
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Brian Shroder, the CEO of Binance.US, has commented on Lee’s arrival in the company, mentioning that her 20+ years of experience working in various high-ranked companies will assist the firm in numerous ways:
“Jasmine is a rare talent who possesses more than 20 years of deep knowledge in both fintech and high-growth startup environment. Her experience at PayPal, a public Fortune 500 company, in particular, will be invaluable as we chart our path to an IPO in the coming years.”
Lee previously worked at PayPal for 8 years and held various top executive positions, including CFO and COO titles for its consumer product group. On top of that, she has also spent three years at California-based fintech company Acorns. Jasmine Lee will start working in her new position from July 11th.
When asked about the recent market slump, Lee confidently answered that “every industry has its natural cycles of ups and downs,” noting that the timing to join her first fully-grown crypto-driven organization was “fantastic.”
It seems as though the fact that bears are still reigning supreme in the crypto market isn’t affecting numerous big companies from enlisting well-known names in the crypto industry.
For instance, earlier in July, a blockchain infrastructures firm Parity Technologies boosted its team with three new executives. Likewise, the crypto hedge fund Pantera Capital also followed in the same direction and enlisted a former JPM executive as its new COO.
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