Huobi, of the top-five largest crypto exchanges in the world, announced recently that the company is bringing on another banking veteran to join their team as the Chief Compliance Office.
The role will be filled by Elaine Sun Ye Lin, who had previously headed the compliance department of the State Street bank branch in China. This is yet another case of top bank workers migrating to the cryptocurrency sphere.
Huobi believes that in the current conditions when global regulators are taking a closer look at companies in the crypto sphere all over the world, Sun’s experience and skills will be valuable for negotiating with various government organizations in the countries where Huobi has its offices. This fact was confirmed by the Huobi Group HR director, Fu Liting.
Elaine Sun has extensive experience in working for State Street bank, six years, and before that she had been part of the Singaporean OCBC bank team.
The head of recruiting agency CryptoRecruit, which was the firm behind the new hire shared in an interview with Coindesk that now there are more and more pros from the financial sphere rushing to join the crypto industry. He believes that this is considered to be a strong trend and a positive outlook for crypto and blockchain despite the bear market that we are in right now.
The CEO, Neil Dundon, says that when his agency makes bank employees job offers in the crypto area, more and more of them gladly agree. He believes that this is a positive indicator for the crypto industry – to see professionals from banks move into the emerging industry.
One of the biggest highlights of 2018 was the fact that a lot of Wall Street veterans joined forces in blockchain companies as well such as Coinbase.