Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Bitcoins

28486

Crypto investment & trading platform Omniex adds former SEC and FDIC chairs to advisory board 


RELATED TOPICS​

Omniex, a complete investment and trading platform for institutional investors to access crypto-assets, has appointed former Securities and Exchange Commission (SEC) Chairman Arthur Levitt and former Chair of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair to its Board of Advisors.

In addition, the firm has hired former Thomson Reuters and KCG executives to further accelerate global adoption of its market-ready platform already in use by early clients.
 
Levitt was the twenty-fifth and longest-serving Chairman of the SEC from 1993-2001. He currently serves as a Board Member at Bloomberg and Motif Investing, an Advisory Board Member of KCG, and a Senior Advisor for Promontory Financial Group. Additionally, he is an advisor to several emerging technology companies including Mirror, BitPay, Blockchain, PeerIQ and Sofi. Previously, he was a Senior Advisor to The Carlyle Group and to Goldman Sachs.
 
Bair served as the Chair of the FDIC from 2006 to 2011. For her leadership, she received numerous awards and recognitions, including the JFK Library’s Profiles in Courage Award, being twice named by Forbes as the second most powerful woman in the world behind German Chancellor Angela Merkel in 2008 and 2009. She currently serves on a number of corporate and advisory boards and is the founding Chair of the Systemic Risk Council.
 
Maartje Bus, former Head of Capital Markets at Thomson Reuters, joins the firm as Director of Strategic Partnerships, and Tom Eidt, former head of KCG’s regulatory affairs, has been appointed Chief Compliance Officer & General Counsel.
 
“Institutional investors need purpose-built technology to solve the challenges they face today and equipped to handle the hidden obstacles they’ll encounter tomorrow in this new asset class,” said Levitt. “Omniex is ahead of the curve and will be the conduit that unifies the current fragmented crypto-ecosystem into a streamlined infrastructure.”
 
“We’re in the nascent stages of a revolutionary, global asset class, but we’re also on the cusp of regulatory thinking on how to approach and regulate crypto assets,” says Bair. “Technology like Omniex is designed to address regulators’ concerns about a lack of robust market infrastructure, and will enable institutional investors to manage risk across a wide range of jurisdictions, liquidity sources and crypto-assets.”
 
“Each appointment brings a wealth of capital markets expertise and leadership to our team that will be critical to achieving our mission of empowering institutional investors to seize the opportunities of crypto-assets,” says Hu Liang, CEO and Co-founder of Omniex. “As we transition from development to global deployment, the strength of our team will ensure we maintain our first-mover advantage.”
 
In the last ten months, Omniex has raised USD10 million in seed funding from leading firms including Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technology Ventures, Thirdstream Partners and Alan Howard of Brevan Howard. It provides portfolio and risk management, trade execution, investment operations and compliance solutions for crypto-assets to buy-side, market-making and broker-dealer institutions.

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by