2022 07 28 Martin Bednall 1 New CEO Takes Charge of Europe's First Bitcoin ETF

New CEO Takes Charge of Europe’s First Bitcoin ETF

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-Martin Bednall will replace Jamie Khurshid as CEO of Jacobi Asset Management on August 1st.

-Jacobi is set to launch a Bitcoin ETF on Euronext Amsterdam next month, with Bednall helping the firm expand its crypto fund slate.

-Bednall served as a managing director at BlackRock from 2000 to 2013, where he co-headed the iShares product team.

-More recently, Bednall led FinEx Capital Managements ETF business, including portfolio management, capital markets, operations and product development.

-The Jacobi Bitcoin ETF is the first such product in Europe, and Bednall argues that it is superior to the exchange-traded notes (ETNs) currently on the market.

-Jacobi’s upcoming bitcoin ETF product had received regulatory approval from the Guernsey Financial Services Commission last October, but it took months for the firm to find a place to list it.

-Christopher Jehan, head of fund architecture and former chair of the Guernsey Investment & Funds Association, helped the bitcoin ETF meet regulatory standards.

-Jehan said he expects launching more crypto products will be a more “streamlined” process going forward.

-Bednall called this a pivotal time for digital assets, noting that many interested institutional investors have been on the sidelines seeking the best way into the space.

 

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