ETC Group Strengthens Team with Two Senior Hires

ETC Group Strengthens Team with Two Senior Hires

Frankfurt/London, 13 March 2024 – ETC Group, a leading European provider of exchange-traded products (ETPs) on cryptocurrencies, today announced that Ronald Richter has been appointed as Director, Investment Strategy and Wendy Langridge has been appointed as Chief Regulatory Officer.

ETC Group was the first company to launch a Bitcoin ETP on Germany´s XETRA stock exchange in June 2020 and recently listed the ETC Group Ethereum Staking ETP, the first Crypto Staking ETP benchmarked to a staking index for full transparency around staking rewards, on the Deutsche Börse XETRA. The listing of ETC Group's Ethereum Staking ETP followed the cross-listing of the ETC Group MSCI Digital Assets Select 20 ETP , the world's first and only MSCI benchmarked crypto index ETP, on the Euronext Paris exchange in January.

Ronald Richter brings over 20 years of expertise in the alternative investment industry where he has held key roles on the investment, sales and operational side within asset management, banking, fund management and distribution companies. His knowledge spans across traditional as well as digital alternative products through his past tenures as Portfolio Manager, Sales and Head of Operations.

Wendy Langridge has experience in building and managing global compliance and governance functions in exchange, trading platform, investment banking, broking and fund environments. Wendy has a proven track record over the past 20 years of managing regulatory relationships, as a Board member, Chief Compliance and MLRO. Her product knowledge covers high and low-latency trading, payment services, capital markets, commodities, and Appointed Representative services.

ETC Group issues institutional-grade crypto ETPs that enable private as well as institutional investors to access digital assets like Bitcoin or Ethereum in a simple and efficient way through their regular brokerage account.

Prior to joining ETC Group, Wendy held senior roles at ED&F, BCS Prime Brokerage, and Commerzbank and also worked within Market Supervision and Investigations at the London Stock Exchange. Ronald held senior roles at a Swiss private bank, a fund of hedge funds manager, and a digital asset manager. He has also run his own placement agency business for nearly a decade.

Tim Bevan, CEO of ETC Group commented:

Wendy and Ronald are very welcomed additions to the ETC Group team, they bring extensive industry experience and expertise in both compliance and governance, and sales and operations as well as investment strategy. As the industry embarks on an important year with new markets opening, we believe that we are creating products and building a team that will lead the industry.

Wendy Langridge, Chief Regulatory Officer at ETC Group:

It is currently a fascinating time in the crypto asset market and regulatory relationships are a clear area that I look forward to bringing to ETC Group to ensure that we work with the industry to ensure the best regulatory and compliance outcomes possible.

Ronald Richter said of his new role at ETC Group:

I have spent my career specialising in alternative assets and the crypto assets market is clearly breaking into the mainstream market with some of the biggest banks in the world now market participants. The opportunity to join a market leader such as ETC Group was one that I couldn't ignore and I am excited about the role I will play at such an innovative company at a pivotal time for the crypto assets market.

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Important information:

This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

Before investing in crypto ETPs, potentional investors should consider the following:

Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.

About ETC Group

ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets' and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.

With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, the company aims to continuously launch best-in-class institutional-grade exchange traded products.

As a company, ETC Group has previously launched BTCE - the world’s first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and also listed DA20, the world’s first crypto ETP tracking an MSCI index signalling a move towards investment management products. DA20 provides broad market exposure to investors by tracking an index of 20 cryptocurrencies which cover 85% of the total crypto market capitalisation.


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