Backpack Exchange appoints Citibank exec Laurence King as audit chief

According to official news, cryptocurrency exchange Backpack Exchange announced that it has appointed Laurence King as its head of audit. This is another major personnel appointment news for Backpack after former Stripe and Credit Suisse executive Oliver Sleafer joined as chief financial officer in March this year. King has nearly 30 years of experience in leading internal audit and risk functions in global financial institutions. Before joining Backpack, he served as the audit director of multiple countries in Citibank's Asia Pacific region and the head of regulatory engagement for Citibank's Asia Pacific region. He has previously held senior management positions in several financial institutions, including Morgan Stanley Asia Pacific IT Regulatory Risk Executive Director, Deutsche Bank ITGC Audit Global Head and Asia Pacific IT Audit Head, and JPMorgan Chase Asia Pacific IT Risk Head. He will lead Backpack to establish a first-class internal audit function and oversee its global audit process to ensure that Backpack not only complies with the strict regulatory requirements of different jurisdictions, but also improves transparency to users and improves new audit standards in the industry.