We are pleased to announce the strategic appointment of Yuri Mushkin as Global Chief Risk Officer, based in Singapore. This move reinforces our commitment to world-class governance and risk management as we continue expanding our global footprint.
Executive Leadership and Risk Strategy
Yuri Mushkin brings more than 20 years of capital markets and risk management expertise to the role. His background spans both traditional finance and digital assets, with prior executive experience at leading institutions including Goldman Sachs and McKinsey & Co.
Most recently, Yuri served at McKinsey Investment Office (MIO) Partners, a global investment advisory firm managing over $20 billion across public and private markets. In his new position, he will lead the development of our global risk strategy and oversee an independent enterprise risk function. He will report directly to the CEO and Board of Directors.
Commitment to Robust Risk Management
Strong risk management has always been fundamental to our operational philosophy. Over the past decade, we have demonstrated resilience throughout multiple market cycles while earning the trust of regulators, financial institutions, and corporate partners worldwide.
Yuri’s appointment represents our continued investment in building secure, reliable products that meet the high expectations of our global customer base. His leadership will be crucial as we enhance our risk frameworks across all markets and product offerings.
👉 Explore our enterprise security protocols
Global Regulatory Compliance and Expansion
We remain dedicated to operating responsibly in every jurisdiction. Recent milestones demonstrate our focus on regulatory compliance:
- United Arab Emirates: On October 10, we announced operational licensing in the UAE, becoming the first global crypto exchange to offer AED banking rails for both retail and institutional clients
- Singapore: In September, our local entity OKX SG Pte. Ltd. received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS)
- European Union: In July, we designated Malta as our Markets in Crypto-Assets (MiCA) hub, preparing to offer compliant products and services to over 450 million EU residents
Transparency and Proof of Reserves
We maintain our commitment to transparency through regular publication of our Proof of Reserves. This monthly verification provides users with independent confirmation that customer funds are fully backed.
Frequently Asked Questions
What is a Chief Risk Officer responsible for?
A Chief Risk Officer develops and implements comprehensive risk management strategies. They identify potential threats to the organization and create frameworks to mitigate financial, operational, and regulatory risks across all business units.
How does strong risk management benefit cryptocurrency users?
Effective risk management protects user assets, ensures platform stability, and maintains regulatory compliance. It creates a secure environment for trading and investing while building trust through transparent operations and adequate safeguards.
What does Proof of Reserves mean for crypto exchanges?
Proof of Reserves is an independent verification process that confirms an exchange holds sufficient assets to cover all customer balances. This transparency mechanism helps prevent fractional reserve practices and builds user confidence.
Why are regulatory licenses important for crypto platforms?
Regulatory licenses demonstrate that a platform meets strict financial standards, security requirements, and compliance protocols. They provide legal protection for users and indicate institutional-grade operational maturity.
How does executive appointments affect platform security?
Experienced leadership strengthens organizational risk culture, implements robust security protocols, and ensures compliance with evolving regulatory requirements. Senior risk executives bring proven methodologies from traditional finance to the digital asset space.
What regions does OKX currently operate in with full licensing?
The platform operates with full regulatory approval in multiple jurisdictions including Singapore, the UAE, and through its MiCA hub in Malta serving European Union markets. Licensing status varies by region and users should verify local availability.
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