Ex Morgan Stanley exec joins Gemini crypto exchange. Major American cryptocurrency exchange Gemini is expanding the company’s business in the Asia-Pacific region with a new high-profile recruit. Andy Meehan, a former executive at Morgan Stanley has joined Gemini as the APAC region’s chief enforcement officer.
On Oct. 7, Gemini announced that Meehan will work with regulators to promote smart regulations that drive adoption. Formerly Head of Legal for the APAC Global Financial Crimes Division of Morgan Stanley, Meehan ‘s position is to shape Gemini ‘s policy, products, and operations in the area. The new Gemini CCO will be based in Singapore and will report directly to Jeremy Ng, the new APAC managing director of Gemini.
The APAC area continues to be a key focus for the firm, as it applied for a licence under the 2019 Payment Services Act with the Monetary Authority of Singapore earlier this year, Gemini representatives said.
Gemini’s focus on Southeast Asia follows significant regulatory developments in Singapore. Cameron Winklevoss, president and co-founder of Gemini, has previously welcomed the progress in local crypto regulations, claiming that the MAS developed “thoughtful regulation that is paving the way for further adoption and innovation.”
The firm is expanding into new jurisdictions globally, having launched services in the United Kingdom in late September 2020.