Jae Won Choi
Chief Executive Officer
Seoul, Gangnam-gu,South Korea
Summary
Persistent leader eager to lead and grow organizations. Skilled in strategic planning, problem-solving, and communication with good understanding of business principles, project management and team leadership. Collaborative with relentless work ethic.
Overview
27
27
years of professional experience
5
5
years of post-secondary education
1
1
Certification
2
2
Languages
Work History
President
Bithumb Holdings Co.Ltd.
6 2020 - Current
- Control 7 subsidiaries of Bithumb & related parties
- Lead investment strategy and oversight Bithumb subsidiaries
- Represent Bithumb brand name in blockchain eco system
- Manage structural issues of company ownership and governance matters
- Lead M&A project and upcoming IPO of Bithumb Korea.
Chief Executive Officer
Bithumb Korea /BTC Korea Service Ltd. /BTC Investment Ltd.
01.2019 - 05.2020
- Lead global crypto-currency exchange platform('Bithumb') business and blockchain eco system
- Lead global expansion through STO (security token offering) platform and digital asset custody business
- Lead geographical expansion across US and Europe/Middle East Asia zone
- Tokenization of existing crowd funding platform and digital transform of retail banking product
- Responsible for mega shifting from crypto exchange business to broader blockchain based digital financial platform.
Chief Financial Officer/Chief Strategy Officer
Bithumb Korea
08.2018 - 12.2018
- Lead investment/business strategy division
- Deal sourcing to establish blockchain eco system.
Chief Financial Officer
Bithumb Korea
02.2018 - 07.2018
- Represent all financial/treasury/control tasks of Bithumb Korea
- Lead various firm-wide initiatives and interface with external auditor and regulatory bodies
- Coordinate treasury/finance issues across functions and provide financial advisory to newly launched business
- Controls over capital adequacy and liquidity across exchange and overseas subsidiaries
- Responsible for controls over treasury platform and settlement of payment service flow (through PG or VAN)
- Firm-wide cost controls and monitoring across all business and infrastructure
- Co-work with HR and GA to improve efficiency in resource plan and budget setting
- Lead IPO rehearsal/simulation project and capital increase
- Coordinate potential investor and M&A deal.
Country CFO/Country Treasurer/Deputy COO
Barclays Bank PLC, Seoul Branch & Barclays Capital Securities Ltd., Seoul Branch
09.2011 - 07.2017
- Chief Officer (both Bank & Securities) of Korea Finance/Tax and Treasury matters
- Deputy bank COO of local infrastructure management
- Lead various country-level non-BAU initiatives and all outbound financial & regulatory reporting control
- Front line leader of Risk Control and Financial Control of Barclays Korea franchise
- Heavily involved in various review on product developing/P&L
- Industry expertise of various derivatives products for long-term hedge and risk solution for clients
- Balanced experience between technical support on financial review and actual cash/treasury management activities by dual responsibility of CFO/Treasurer (ALM owner) of Korea franchise
- Strong experience and industry expertise on regulatory aspects and trends of Korea financial industry
- Strong network in regulatory bodies (FSS/NTS/BOK), external professional firm (legal/accounting) and financial industry
- Perform strategic driver on key country-level or cross-functional initiatives (Barclays Capital Securities Ltd., Seoul branch Equities license project and OTC Derivative license project)
- HR controls on hiring/promotion & compensation process/specialized in task force and team build up
- Controls on Barclays Korea exit plan through traded asset divestment and wind down
- Finance functional role to deliver key milestone of Korea exit plan within region-wide strategic timeframe
- Technical expert and advisor on Korea legacy portfolio (exotic derivatives) in liquidation process
- Steering committee member of regional cost allocation initiative and country-level cost controls
- Korea performance matrix and MIS development (ROE/RORWA/ROA per LE/Country/Business).
Country CFO (Director)
Barclays Bank PLC, Seoul Branch
09.2008 - 08.2011
- Lead Barclays Capital Securities Ltd.,Seoul branch capital management and license application of Cash Equities expansion
- Transfer Pricing defense against NTS (National Tax Service) challenges
- Local credit rating issuance to support local currency funding diversification
- Manage robust infrastructure of Treasury function to control ALM and FLM
- Lead industry lobby of Education tax regulation revision with Kim & Chang
- Lead industry project of Finance internal control guideline set up with FSS
- Manage Lehman Bros
- Receivables/payables (ring fencing/legal support and settlement)
- Bank branch capital optimization initiative (reduction of RWA/TP alignment/collateral review/netting)
- Develop Korea management committee package and meeting dynamics
- Facilitate regional promotion committee over 100+ promotion candidate across analyst to VP
- In-house instructor of IFRS transition & Basel III transformation.
Head of Finance (Vice President)
Barclays Bank PLC, Seoul Branch
10.2004 - 08.2008
- Lead 8 direct reports in local financial control to manage various financial control/product control/tax matters
- Lead functional currency migration of Trial balance by IFRS adoption and corresponding system change
- Successful defense against NTS tax audit (2007, 2010, 2013, 2017 for Bank branch, 2014 for Securities branch)
- Manage Core Tier 1 capital injection and Tier 2 capital balance to support business
- Coordinating FSS audit challenges in Finance/Control/Risk area (2004, 2005, 2006, 2009 and 2011).
Financial Advisory Services (Manager)
Ernst & Young Korea
04.2000 - 09.2004
- Standard Chartered Korea First Bank, UBS AG, Seoul branch, UBS Securities
- Seoul branch, Korea Export-Import Bank, ABN AMRO Bank & Securities, Seoul branch, Woori Asset Management corp., Woori-Lehman Bros
- SPCs., Societe General Securities, Seoul branch, State Street Bank, Seoul branch, Bank of New York, Seoul branch, United Overseas Bank, Seoul branch, American Express Bank, Seoul branch, etc.
Instructor
Korea Management Institute
05.1999 - 01.2000
- Instructor of accounting/auditing class for US CPA qualification exam
Corporate Banking Division (Associate)
Hana Bank (ex Boram Bank), Korea
11.1996 - 07.1998
- Assistant role on Corporate Banking, Treasury and Trade finance
Education
BBA -
Han Yang University
Seoul, South Korea 03.1992 - 02.1997
Skills
Business Planning
undefinedWork Experience Abroad
- Singapore (Barclays APAC HQ, 2009)
- London (Barclays Global HQ, 2012)
Websites
- https://www.linkedin.com/in/jae-won-choi-a2843b35?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_ba
- https://www.consumernews.co.kr/news/articleView.html?idxno=529542
- https://www.paxetv.com/news/articleView.html?idxno=90020
- https://www.g-enews.com/ko-kr/news/article/news_all/2020040614292432322500a1b5d6_1/article.html
Certification
US CPA (California state)
Timeline
Chief Executive Officer
Bithumb Korea /BTC Korea Service Ltd. /BTC Investment Ltd.
01.2019 - 05.2020
Chief Financial Officer/Chief Strategy Officer
Bithumb Korea
08.2018 - 12.2018
Chief Financial Officer
Bithumb Korea
02.2018 - 07.2018
Country CFO/Country Treasurer/Deputy COO
Barclays Bank PLC, Seoul Branch & Barclays Capital Securities Ltd., Seoul Branch
09.2011 - 07.2017
Country CFO (Director)
Barclays Bank PLC, Seoul Branch
09.2008 - 08.2011
Head of Finance (Vice President)
Barclays Bank PLC, Seoul Branch
10.2004 - 08.2008
Financial Advisory Services (Manager)
Ernst & Young Korea
04.2000 - 09.2004
US CPA (California state)
05-1999
Instructor
Korea Management Institute
05.1999 - 01.2000
Corporate Banking Division (Associate)
Hana Bank (ex Boram Bank), Korea
11.1996 - 07.1998
BBA -
Han Yang University
03.1992 - 02.1997
President
Bithumb Holdings Co.Ltd.
6 2020 - Current
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