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