Binance hires its first chief communications officer
Patrick Hillmann will lead the global communications and public affairs division
Binance, currently the world’s largest cryptocurrency exchange by trading volume, has hired Patrick Hillmann – a former General Electric (GE) and Edelman executive – as its chief communications officer.
Hillmann will lead the global communications and public affairs division as the company plans to further its growth. Binance wishes “to grow, evolve and usher the industry into a new era as a critical pillar of the global economy”.
As Binance’s first chief communications officer, Hillmann will “oversee every aspect of our organisation’s corporate communication, public affairs, media relations and stakeholder engagement efforts,” the company stated, as well as working with Binance’s compliance and security leaders with its ongoing push to coordinate with global regulators.
Prior to joining Binance, Hillmann was the global head of Innovation on Edelman’s crisis and risk practice, involved in leading its cybersecurity and counter disinformation offerings. Before joining PR giant Edelman, Hillman held senior government and public affairs positions at General Electric (GE) and the National Association of Manufacturers (NAM).
Critical to its work with regulators
Yi He, co-founder of Binance, said: “In just four years, Binance has grown at a pace rarely seen in recent history.
“As we continue our evolution from a disruptive tech start-up to a respected global financial institution, we recognised that it was paramount that we recruit leading compliance, communications and government affairs experts.
“Patrick’s proven track record of successfully helping reposition some of the world’s largest brands in highly regulated industries clearly sets him apart.”
Changpeng Zhao, co-founder and CEO of Binance, said: “We’re working hand-in-glove with regulators around the world towards our mutual goal of protecting users, encouraging innovation and further establishing the industry.
‘Patrick’s 15 years of experience working on global regulatory issues, such as GDPR [general data protection regulation], will be critical in advancing that work.”
Hillmann commented: “Joining the leadership team at Binance is a once-in-a-lifetime opportunity to leverage my experience to support an organisation that is truly changing the world.
“As we continue to grow in cooperation with global regulators, the potential of this industry is virtually impossible to project today.”
Further hires at Binance
In October 2021, the company also hired Mark McGinness, former head of international relations and chief decision-maker at the Dubai Financial Services Authority (DFSA), as its global chief regulatory liaison officer.
During his time at the DFSA, McGinness “was instrumental in establishing a global network of over 85 regulators and settled 100 Memoranda of Understanding (MoU) for the financial centre”.
Binance made a commitment to lead the industry in working more closely with regulators and wishes to provide a path for the crypto exchange to become a financial institution. Since 2020, according to its blog, Binance has grown its international compliance team and advisory board by 500%.
Also in October, Binance hired two former special agents from the US Internal Revenue Service’s Criminal Investigation (IRS-CI) Cyber Crimes Unit in Washington, DC, to boost the security of the company.
These were Tigran Gambaryan, who has been appointed to vice president (VP) of global intelligence and investigations, and Matthew Price, who was appointed senior director of investigations.