Amber Group’s new CO was named one of the World’s Top 300 IP Strategists and one of the World’s 50 Most Influential People in IP in 2020 by Intellectual Asset Management and Managing Intellectual Property respectively.
Amber Group has appointed Benjamin Bai as its Chief Legal Officer at a critical time amid an ever-evolving digital asset landscape, where the impetus for regulation is growing in importance.
The digital asset platform has snatched its new CLO from Ant Group, where he served as its Vice President and Chief Intellectual Property (IP) and International Litigation Counsel.
Benjamin Bai will be tasked to spearhead the development of robust risk management frameworks and approaches as Amber Group enters different markets with diverse regulatory environments, strengthens its commitment to regulatory compliance and engages with policymakers and regulators globally.
Amber Group’s new CO was named one of the World’s Top 300 IP Strategists and one of the World’s 50 Most Influential People in IP in 2020 by Intellectual Asset Management and Managing Intellectual Property respectively. He was also awarded other prestigious accolades including China Law and Practice’s IP Lawyer of the Year in 2015.
Prior to Ant Group, he was a partner at law firms Jones Day and Allen & Overy in the United States and China, where he focused on high-stake IP litigation and licensing.
Benjamin Bai, Chief Legal Officer at Amber Group, commented: “As a fervent advocate for emerging technology, I have witnessed the rapid growth of the digital asset ecosystem in recent years that has underlined its tremendous potential in fundamentally reshaping the global financial ecosystem. As digital assets adoption continues to be on the rise globally, regulation and compliance will be key to sustain its role in the transformation of the financial ecosystem, and I am thrilled to join Amber Group at such a key moment to lead its global Legal and Compliance team. I look forward to working with the team to continue to uphold the highest standards of regulatory compliance, in all of the jurisdictions it operates in.”
Wayne Huo, Chief Operating Officer at Amber Group, said: “I am excited to welcome Benjamin to the Amber Group team. As our team focuses on expanding our products and services offering to effectively accelerate our growth, we believe that Benjamin’s experience and legal knowledge will prove to be an invaluable asset to us. Armed with expertise in blockchain patent filings, IP protection and a background of leadership experience, I am confident that he will strategically steer our team to set new industry standards for regulatory compliance and implement risk management best practices as we embark on our next phase of growth globally.”
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