Huobi Takes On Board Chief Compliance Officer from Major US Bank

Huobi reps have revealed that the exchange has taken onto its payroll 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 gets a valuable employee

Elaine Sun joined Huobi in December, and now she is in charge of the global compliance activities of the platform.

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.

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Talents are flowing into crypto

The head of recruiting agency CryptoRecruit, which was the intermediary when Huobi hired Sun, shared in an interview that now there are more and more pros from the financial sphere rushing to join the crypto industry. As per him, this is happening despite the ‘crypto winter’ and has turned into a strong trend.

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.

Indeed, at the end of 2018, several former executives from Wall Street firms and banks went to work at the Coinbase platform and other young crypto-oriented firms.