Binance.US to Hire Manuel P. Alvarez as Chief Administrative Officer

The digital asset marketplace Binance.US announced on July 6 that former Commissioner of the California Department of Financial Protection and Innovation would join Binance.US as Chief Administrative Officer, effective July 22nd.

According to the official press release, Alvarez will oversee major control functions including risk, compliance, and legal, and help Binance.US reinforce trust and stability with its customers and partners throughout the United States. He will report to Binance.US’s Chief Executive Officer, Brian P. Brooks.

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Alvarez was appointed Commissioner of the California Department of Business Oversight, the state’s banking and financial regulatory agency on March 28, 2019, where he led the department in its transition to the Department of Financial Protection and Innovation and spearheaded its focus on protecting consumers from harmful practices, increasing access to financial literacy and technology, and engaging under-served communities.

From 2014 to 2019, Alvarez served as the General Counsel, Chief Compliance Officer and Corporate Secretary at Affirm Inc., where he oversaw and managed the fintech company’s legal and regulatory compliance efforts. Previously, he was an enforcement attorney at the Consumer Financial Protection Bureau from 2011 to 2014, a deputy attorney general at the California Department of Justice, Office of the Attorney General from 2010 to 2011, and an associate at Dentons LLP from 2007 to 2010.

“We are thrilled to welcome Alvarez to Binance.US as we continue to bolster our organization with accomplished senior professionals,” said Brooks. “Alvarez is a highly respected senior government official and business executive with deep expertise in financial services regulation and technology”.