Cointime

Download App
iOS & Android

Jonathan Brockmeier Appointed OKX Chief Compliance Officer to Promote Global Compliance System Construction

according to official sources, Jonathan Brockmeier has officially been appointed as the Chief Compliance Officer of OKX, and will further strengthen cooperation with global regulatory agencies to consolidate the trustworthy foundation of the platform.

It is reported that, Jonathan previously worked at the financial technology startup Zepz, leading the global compliance team, responsible for strategic planning, risk and governance work as the second line of defense, market expansion, and regulatory affairs. Before joining Zepz, he created a compliance system for the Americas region at the Singapore financial technology company Thunes, designing and implementing a regulatory framework covering the United States, Canada, Mexico, and the entire Latin American market. He has also served as the Chief Compliance Officer of Quberu and World First, as well as a regulatory strategy advisor for Arcus under Mastercard.

Comments

All Comments

Recommended for you

  • Sources: Saudi Arabia Plans to Expand Oil Pipeline to Red Sea, Increasing Capacity by 2 Million Barrels Daily to Bypass Strait of Hormuz

    On July 7, five informed sources revealed that Saudi Arabia is considering expanding the crude oil pipeline capacity to its western coast on the Red Sea, allowing Saudi Arabia and its neighbors to transport more oil without passing through the Strait of Hormuz. This east-west pipeline, built in the early 1980s, has gained strategic importance since the outbreak of the Iran war in February and the disruption of shipping in the Strait of Hormuz. The pipeline can deliver up to 7 million barrels of crude oil per day to the Red Sea port. The CEO of Saudi Aramco stated in May that approximately 2 million barrels are supplied to west coast refineries, while about 5 million barrels are for export. Sources indicate that Saudi Arabia is in preliminary discussions with some neighboring countries regarding the pipeline expansion, aiming to add about 2 million barrels of pipeline capacity per day. It remains unclear whether Aramco's planned expansion involves upgrading existing infrastructure or constructing new pipelines. One source mentioned that the expansion plan also includes a smaller refined oil pipeline. Two sources indicated that the expansion scale could range from 1 million to 2 million barrels per day, with refined oil also being considered. Another source stated that the project would take several years and cost billions of dollars, requiring adjustments to Saudi crude pricing mechanisms.
  • Citi: Tencent's WorkBuddy Gains Momentum, Maintains 'Buy' Rating

    On July 7, Citi released a research report stating that, according to the latest industry data, Tencent's AI agent product WorkBuddy has reached 20 million monthly active users (MAU) and over 13 million daily active users (DAU), with a DAU/MAU ratio between 65% and 75%. Considering the product has only been launched for a few months, user stickiness and daily engagement are performing strongly. Citi quoted Tencent's management as saying that in terms of daily active users, Tencent is leading its Chinese peers in the deployment of AI agents. Early user data reflects strong natural growth for both CodeBuddy and WorkBuddy, with high retention rates. Early users are interacting with the AI agents for long durations and with high frequency, creating a positive feedback loop. It is expected that AI products will become a key revenue source for Tencent Cloud. The firm believes that WorkBuddy's success demonstrates the strength of Tencent's ecosystem, the synergy between various productivity tools, and users' trust in Tencent's products and security. Citi maintains a 'Buy' rating on Tencent with a target price of HKD 763 unchanged.
  • Two Major Shipping Giants Resume Suez Canal Routes

    On July 7, according to CCTV, Denmark's Maersk Shipping Group announced on the 6th that it will collaborate with Germany's Hapag-Lloyd to establish the 'Gemini' cooperation network, allowing some of its vessels to resume using the Suez Canal route. Initially, major global shipping companies chose to reroute around the African continent to avoid the Red Sea, Bab-el-Mandeb Strait, and Suez Canal starting in November 2023. This decision was prompted by the outbreak of a new round of conflict between Israel and Palestine, as the Houthi forces in Yemen launched attacks on vessels associated with Israel in the Red Sea and Gulf of Aden, forcing shipping companies to avoid the Suez Canal.
  • Goldman Sachs Initiates Coverage on SpaceX with 'Buy' Rating

    On July 7, Goldman Sachs initiated coverage on SpaceX (SPCX.US) with a 'Buy' rating and set a target price of $205.
  • Japanese and South Korean Stock Markets Decline, KOSPI Triggers Second Circuit Breaker

    On July 7, the Nikkei 225 index closed down 1,480.73 points, a decrease of 2.12%, ending at 68,256.96 points. The South Korean KOSPI index closed down 395.41 points, a drop of 4.91%, finishing at 7,655.92 points, having fallen over 8% at one point, triggering a second circuit breaker. In individual stocks, SK Hynix fell by 6%, while Samsung Electronics dropped nearly 7%. (Jin Shi)
  • Hang Seng Tech Index Falls 1%

    On July 7, the main indices of the Hong Kong stock market further declined, with the Hang Seng Tech Index falling by 1%, having previously risen over 2%. The Hang Seng Index dropped by 0.9%.
  • Pan Gongsheng: National Foreign Exchange Reserves Will Increase Asset Allocation in Hong Kong

    On July 7, Pan Gongsheng, the governor of the central bank, stated at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum that the deepening of financial market connectivity supports the prosperity and development of Hong Kong's capital market. Pan emphasized that the capital market is the core and foundation of Hong Kong as an international financial center. In recent years, a large number of high-quality mainland enterprises have been listed in Hong Kong, sharing the development dividends of the Chinese economy. He will continue to support more high-quality enterprises to list and issue bonds in Hong Kong, continuously optimizing and expanding the connectivity between the mainland and Hong Kong in areas such as stocks, bonds, wealth management, and interest rate swaps, and deepening financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area. The scale and scope of the Bond Connect southbound trading will be expanded, increasing the annual net investment quota from the current 500 billion yuan to 800 billion yuan, including southbound bonds in the scope of repurchase support, and extending the product range to Hong Kong dollar bonds and related products of renminbi bonds, also reaching out to the bond market in Macao. In the future, the national foreign exchange reserves will continue to increase the asset allocation ratio in Hong Kong, injecting more momentum into the development of Hong Kong's capital market.
  • UBS: Buy SK Hynix's Upcoming ADR, Sell Its Seoul-Listed Shares

    On July 7, UBS Group stated that investors should buy the American Depositary Receipts (ADR) planned for issuance by SK Hynix and sell the South Korean-listed shares of the chip manufacturer, as the former may trade at a premium. The sales and trading department of the Swiss bank noted in a report to clients that these ADRs could be more attractive to investors like hedge funds, as they offer higher efficiency and lower costs. The report also mentioned that some global portfolio managers who do not hold the Seoul-listed shares may also be able to purchase these U.S. securities. 'Going long on its ADR from day one and shorting its Korean stock seems like a no-brainer,' the UBS report stated. 'Given that the ADR discount phenomenon is unlikely to occur, the risks are very limited, making this a trade that can be executed on a large scale.'
  • Morgan Stanley: Assigns Overweight Rating to SpaceX

    On July 7, Morgan Stanley initiated coverage on SpaceX (SPCX.US) with an overweight rating and set a target price of $300.