Cryptocurrency exchange OKX has appointed Yuri Mushkin as its Global Chief Risk Officer.
As part of his role, Mushkin will spearhead the firm’s global risk strategy and a business-independent enterprise risk function, reporting directly to the CEO and Board of Directors.
Posting to LinkedIn about his new role, Mushkin wrote: “A quick professional update: I’m thrilled to join OKX as Chief Risk Officer. In the last several months I’ve had a chance to work alongside a very talented team, and to meet our wider stakeholders including our clients, partners and regulators.
“I’m impressed with the laser focus and commitment to risk management, and with all the opportunities and innovation in developing a new digital asset class!”
Mushkin holds over two decades of experience in capital markets and risk management across both traditional and digital assets, serving in executive roles at multinational companies such as Goldman Sachs and McKinsey & Co.
Prior to joining OKX, Mushkin worked at McKinsey Investment Office Partners, a global investment advisory institution which manages over $20bn across public and private markets.
Star Xu, Founder and CEO of OKX, commented: “Strong risk management has always been a top priority for us and part of our DNA. We’ve demonstrated our resilience over more than 10 years navigating multiple crypto market cycles and our global stakeholders now include the leading regulatory agencies, financial institutions and corporate partners.
“I’m thrilled to welcome Yuri as our Global Chief Risk Officer. His appointment is part of our continued investment in building products that meet the high expectations of our customers and global stakeholders.”
This appointment comes at a critical time for the cryptocurrency exchange. Earlier this week, OKX officially launched in the United Arab Emirates, becoming the first crypto company to offer AED banking rails for retail and institutional customers.
Additionally, the firm’s Singapore arm received a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) and appointed Gracie Lin as its CEO.
