Executive Appointment: Veteran Risk Manager Takes Global Leadership Role at Major Crypto Exchange

A major cryptocurrency exchange has announced the appointment of Yuri Mushkin as Global Chief Risk Officer, positioning the executive in Singapore to oversee enterprise-wide risk strategy. Mushkin brings over 20 years of capital markets expertise, having previously served at McKinsey Investment Office Partners where he managed over USD 20 billion across public and private market investments.

Background and Experience

Mushkin’s career spans traditional and digital asset management, with significant tenure at Goldman Sachs and McKinsey & Co. His appointment reflects the crypto industry’s increasing emphasis on robust risk governance and institutional-grade controls. The veteran executive will report directly to the organization’s CEO and Board of Directors, leading a business-independent risk function that operates across global markets.

Risk Management as Core Priority

The exchange has consistently emphasized risk management as fundamental to its operations, citing resilience through multiple crypto market cycles spanning over a decade. This appointment underscores the sector’s maturation, with major financial institutions and regulatory bodies now viewing comprehensive risk frameworks as essential infrastructure.

Regulatory Expansion and Compliance

The organization has accelerated its regulatory footprint recently. Most notably, it launched operations in the United Arab Emirates with AED banking support for both retail and institutional users. The exchange also received a Major Payment Institution license from Singapore’s Monetary Authority, expanding its presence in a key Asian financial hub.

In Europe, the company designated Malta as its operational hub for Markets in Crypto-Assets (MiCA) compliance, enabling services to over 450 million EU residents as the regulatory framework takes effect. These geographic expansions demonstrate the industry’s shift toward mainstream financial integration and regulatory acceptance.

Transparency Commitments

The exchange maintains monthly Proof of Reserves disclosures, reflecting growing industry standards around transparency and asset verification. This commitment aligns with regulatory expectations and user demands for verifiable custody practices.

The appointment of an executive with Mushkin’s background signals that institutional-grade risk management is now table stakes for major crypto platforms seeking to operate globally.