Home Latest News Crypto Firm Binance Chooses New Leader for its South African Business –...

Crypto Firm Binance Chooses New Leader for its South African Business – IT News Africa

Binance, one of the world’s leading crypto and blockchain infrastructure providers, has today announced the appointment of Hannes Wessels as its Country Head of South Africa.
The firm says the new appointment will further its ambitions to drive its business operations in the region. According to Finder, cryptocurrencies and the blockchain industry generally have less than a 10% adoption rate in South Africa. However, interest in the technology continues to grow and global industry leaders like Binance and Yellow Card remain at the forefront of driving adoption as well as blockchain education in the region.
Wessels brings with him over 10 years of experience in the finance sector and is the previous Head of Global Banking for South Africa at HSBC. He is expected to lead the development of business strategies and drive strategic initiatives for Binance in South Africa.
“I am excited to join Binance at a time when crypto adoption is still in its infancy in South Africa and look forward to playing a leading role in Binance’s growth strategy in South Africa,” said Wessels about his new appointment.
Prior to joining Binance, Wessels was responsible for leading HSBC’s corporate and investment banking business in the country. This included the payments and cash management business, which was awarded Euromoney’s leading payments business in South Africa in 2021.
He was a member of the bank’s executive committee in SA and also served as chairman of the bank’s Employment equity committee. During this time, HSBC’s multinational business grew to a top three player in the country.
Wessels will now bring his former experience at traditional financial institutions to this growing industry.
Edited by Luis Monzon
Follow Luis Monzon on Twitter
Follow IT News Africa on Twitter
Podcast by IT News Africa
This week Luis Monzon chats with Stephen Osler, co-founder and business development director of South African cybersecurity firm Nclose.
Stephen and Luis talk about cybersecurity in the public sector with a focus on African organisations, and the risks, challenges and weaknesses found therein.
Now, let’s take a DIP!
Apple has confirmed the long-awaited new iPhone 14 will be announced to the…
Developed by Kaspersky’s own cybersecurity specialists, the course aims to…
The working world has changed drastically. Today, survey after survey shows…
Global financial services giant Visa has announced that it recently signed…
Digital Finance Africa 2022, the definitive annual event on technology lead…


Previous articleNFT News: Moonbirds Take Flight – DraftKings Nation
Next articleFinal Deadline: Bronstein, Gewirtz & Grossman, LLC Notifies Solana Labs, Inc. (SOL) Investors of Class Action and Last Few Hours to Actively Participate – Business Wire
He is well known among his circle for his incredible attraction towards smartphones and tablets. Charles is a python programmer and also a part-time Android App developer.