OKX appoints former Goldman Sachs and McKinsey executive Yuri Mushkin as global chief risk officer

Cryptocurrency exchange OKX has announced the appointment of Yuri Mushkin as its global chief risk officer based in Singapore. Prior to joining OKX, Yuri was a partner at McKinsey Investment Office (MIO), a global investment advisory firm that manages over $20 billion in assets across public and private capital markets. He has over two decades of experience in capital markets and risk management, covering both traditional and digital assets, and has held senior management positions at multinational firms such as Goldman Sachs and McKinsey. In his role at OKX, Mushkin will be responsible for leading the firm’s global risk strategy and an independent enterprise risk management function, reporting directly to the CEO and Board of Directors. Star Xu, founder and CEO of OKX, said: “Strong risk management capabilities have always been our top priority and part of our DNA. For more than a decade, we have weathered multiple cryptocurrency market cycles and demonstrated our resilience to global stakeholders including leading regulators, financial institutions and corporate partners. I am delighted to welcome Yuri as our global chief risk officer. His appointment is part of our continued efforts to build products that meet the high expectations of our clients and global stakeholders.” Earlier, OKX announced that it has officially started operations and obtained a license in the UAE. With the announcement, the company becomes the first global cryptocurrency company to offer AED banking services to retail and institutional clients in the UAE. In September, the company announced that its local entity, OKX SG Pte. Ltd. (OKX SG), received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).