Monochrome Asset Management Appoints Derek Henningsen as Head of Legal and Compliance

1600x900_Monochrome Asset Management_Derek Henningsen_Head of Legal and Compliance_New Appointment Announcement.png

BRISBANE, Friday August 3, 2021 -- Monochrome Asset Management is proud to announce today the appointment of another industry expert, Derek Vladimir Henningsen, joining as Head of Legal & Compliance.

Mr Henningsen comes with over 20 years of experience across financial services, funds management and digital assets, specialising in legal, risk and compliance. Derek’s experience spans large and boutique asset managers, Financial Ombudsman Service, establishing the digital asset exchange Huobi Australia, and most recently as the Head of Fund & Mandate Compliance at IFM Investors.

“Derek will add valuable insights and leadership with his legal and compliance expertise in finance, funds management, and the digital asset industry.” Mr Yew said.

With this recent addition, the Monochrome team now has over 100 years of combined experience in traditional financial markets, funds management, and digital asset investments.

As bitcoin grows into a globally recognised store of value asset, the appetite for bitcoin as a strategic allocation on institutional balance sheets continues to strengthen. The Monochrome Bitcoin Fund offers Australian wholesale investors pure bitcoin exposure via a regulated and familiar investment vehicle without the requirement to engage with new technologies, with a minimum investment of AU$50,000.

“The Monochrome Bitcoin Fund has been a fantastic product to get us off the ground and we see it continue to be our core offering, however there is much more we are looking to pursue, including Australia’s first Bitcoin ETF. Derek, alongside Craig who were appointed earlier in the week as Head of Distribution and other senior management and team members will be pivotal in us achieving this at Monochrome.” Mr Yew added.

“Monochrome CEO Jeff Yew is a proven leader in the crypto and digital assets space and I feel both thrilled and privileged to help drive the adoption of digital assets with such a stellar team.” Mr Henningsen said.

Subscribe for the latest news from Monochrome.

Related Articles

Craig Hobart Presents at Advisers Big Day Out 2022: Considering Crypto-Assets Post ASIC REP 705

Craig Hobart Presents at Advisers Big Day Out 2022: Considering Crypto-Assets Post ASIC REP 705

Craig Hobart, Head of Distribution at Monochrome Asset Management, attended the Advisers Big Day Out (ABDO) conference to discuss the developments in the crypto-asset space relevant to financial advisers following ASIC REP 705.

Time Zone Considerations for Benchmark Selection in an Australian Passive Spot Bitcoin ETP

Time Zone Considerations for Benchmark Selection in an Australian Passive Spot Bitcoin ETP

In this paper we look at the criteria for index selection in a spot bitcoin ETP, with particular focus on the timing of the index. In a recent article, CF Benchmarks have analysed the suitability of the CME CF Bitcoin Reference Rate (BRR) for the creation of regulated products and more recently performed analysis comparing this to a Sydney-based time period. We draw on that analysis in this paper and expand on it in the context of the impact on the performance, costs and market dynamics when used in a passive bitcoin ETP.