Binance appoints Justin Yek as its new chief financial officer
Bloomberg reported on November 7 that Binance Holdings Ltd. Chief Financial Officer Kaiser Ng is leaving the company, and the company has appointed Justin Yek to succeed him.
Binance co-Chief Executive Officer Yi He said in a statement that Kaiser Ng has decided to pursue new ventures after working at Binance for more than five years, and that the transition plan has been in place over the past six months. She also confirmed that Justin Yek will become the company’s new chief financial officer.
The report noted that this change came days after hackers stole more than US$6 billion in cryptocurrency from Binance. Bloomberg described Ng as Binance’s chief financial officer and Yek as his successor.
Original source:
Title: Binance Says Kaiser Ng Leaving, Names Justin Yek New CFO Publisher: Bloomberg Publication date: 2026-11-07 URL: https://www.bloomberg.com/news/articles/2026-11-07/binance-says-kaiser-ng-leaving-names-justin-yek-new-cfo Source type: financial media report (citing company statement) Verification: read the summary of Bloomberg’s report for this update; cross-checked consistency with Reuters and other retellings Supporting content: Ng’s departure, Yek’s appointment as CFO, and the wording in Yi He’s statement about his years of service and the transition plan
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Yi He’s statement characterized Ng’s departure as a personal decision to pursue new ventures and emphasized that the transition plan had been in place for six months, rather than being a sudden event. The statement did not directly link the change to the recent security incident. Bloomberg placed the change in the context of the event in which more than US$6 billion was stolen days earlier.
Kaiser Ng had worked at Binance for more than five years, and the exact date he joined was not specified in the public statement. Justin Yek’s previous background was not detailed in Bloomberg’s main report; some retellings said he previously served as vice president of finance at Airwallex and had relevant experience at Morgan Stanley and Citigroup, but these details would require further independent verification.
The CFO change came after a major security incident, and the company emphasized through its statement that the transition had been planned. The actual financial and operational impact will depend on subsequent execution and market reaction. This is a personnel appointment confirmed by the company, not an independent audit result.
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The company statement framed the departure as a personal move to pursue new ventures, with the transition already in place for six months.
The personnel change is temporally close to a recent major security incident.
Details of the new CFO’s background were not fully developed in the main reports.