ETC Group hires co-CEO from BCS Prime Brokerage to lead company governance following rapid growth
[London, UK 25th October 2021] – ETC Group ( etc-group.com), Europe’s leading specialist provider of institutional-grade crypto-backed securities, has hired ETF expert and former Advisory Board Member Tim Bevan as co-CEO midst business acceleration.
Bevan brings extensive management experience from his position as CEO at BCS Prime Brokerage Ltd., an emerging markets specialist. His expertise includes deep knowledge of markets infrastructure and prime brokerage, including significant experience managing the ETP segment at the London Stock Exchange, during the introduction of Europe's first Exchange Traded Commodities backed by precious metals.
“I’m delighted to take an executive role with ETC Group at this exciting time, where in just over a year they’ve already achieved global success attracting nearly $2 billion investment into their world leading crypto ETPs,” commented Bevan. “My role will be to help ETC Group scale up as we expand further into new territories, on new exchanges, and with new digital assets.”
Earlier this month ETC Group announced that its total assets under management in its portfolio of Crypto ETPs had passed US$1.5 billion for the first time. As well as listing its ETPs on multiple European exchanges, including XETRA, Six and Euronext, ETC Group was the first company to list a Bitcoin ETP in the UK, on the Aquis exchange in June this year.
“At ETC Group, we have achieved astonishing success thanks to the hard work of the incredible team we have put together. As we grow, it becomes important to add selectively to the team. Tim’s expertise in governance and trading will play a key part in our rapid expansion over the coming months especially given the ambitious nature of our plans”, commented Bradley Duke, co-Founder and co-CEO of ETC Group. “We’ve already benefited from his experience as a co-founder and in his role as a non-exec to the company, and am delighted to welcome him to this permanent role to help us drive further main-stream adoption of crypto ETPs”
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AVANT D'INVESTIR DANS LES CRYPTO ETP, LES INVESTISSEURS POTENTIELS DEVRAIENT PRENDRE EN COMPTE CE QUI SUIT :
Les investisseurs potentiels devraient rechercher des conseils indépendants et prendre en compte les informations pertinentes contenues dans le prospectus de base et les conditions finales des ETP, en particulier les facteurs de risque mentionnés dans ceux-ci. Le capital investi est à risque, et des pertes jusqu'à concurrence du montant investi sont possibles. Le produit est soumis à un risque intrinsèque de contrepartie à l'égard de l'émetteur des ETP et peut subir des pertes jusqu'à une perte totale si l'émetteur ne respecte pas ses obligations contractuelles. La structure juridique des ETP est équivalente à celle d'une dette. Les ETP sont traités comme d'autres instruments financiers.
