Jacobi Asset Management Names New CEO
Posted by Colin Lambert. Last updated: August 2, 2022
Digital asset investment management firm Jacobi Asset Management has named Martin Bednall as its new CEO effective 1 August. He replaces Jamie Khursid, will become chairman of the board, in turn this means current chair, Roy McGregor steps down from the role but remains as a director.
Bednall is currently managing director at FinEx Capital Management in London, a position Jacobi says he will continue to hold. He has worked there for eight years, having joined from BlackRock, where he spent 13 years in a variety of roles, including as co-head of the iShares product team.
Jacobi is preparing to launch a Bitcoin ETF on Euronext Amsterdam, originally slated for early July, the firm says it is now launching in early August following the management changes.
“I see Martin’s appointment as a key step in our journey to bring digital assets into the mainstream investment infrastructure and his experience within ETFs, particularly, as a significant addition to an already deep pool of experience,” says McGregor, while, Khurshid adds, “Jacobi continues to develop its ambition to become Europe’s dominant digital asset ETF issuer. The launch of the Jacobi Bitcoin ETF is the beginning of an exciting roadmap for digital asset exchange-traded funds suitable for institutional, professional and sophisticated investors.”
Bednall adds, “Having the first Bitcoin ETF in Europe gives Jacobi a fantastic base on which to build more products and distribution avenues to provide the market with the institutional grade, regulated digital asset products it needs.”