Asset management company Aberdn regenerates its digital asset division by recruiting key personnel
In a significant move within the financial industry, 21shares, a leading provider of digital asset investment products, has seen a staggering growth of two thirds in its assets under management (AUM), surpassing the milestone of $10 billion.
This growth can be attributed to a variety of factors, including the rise in crypto prices during the latter half of the year. However, it's important to note that the paragraph does not provide any new information about abrdn or its assets under management (AUM).
21shares has made strategic personnel moves, hiring Russell Barlow as its CEO and Duncan Moir as President, both previously from abrdn, one of the largest asset managers in the UK with approximately $650 billion in assets under management (AUM). The hiring of these seasoned professionals is likely to strengthen 21shares' position in the market.
The subscription service offered by 21shares caters primarily to professionals, suggesting a high level of demand. For a subscription fee, subscribers gain access to complete articles, exclusive industry analysis, and early access to legislative updates. The service provides deeper insights compared to surface level news, designed to keep professionals ahead of the competition.
It's unclear from the paragraph if the subscription service offers updates on 21shares or the broader industry. Additionally, while the paragraph does not mention it explicitly, the service may include Dreamstime.com images.
In a separate development, 21.co, the parent company of 21shares, has undergone a restructuring. The technology arm of the company has been separated into a separate firm named 21.co Technologies, while still being under the 21.co holding company.
It's noteworthy that there is no current publicly available information indicating that abrdn holds a share or stake in 21Shares. The benefits offered by the subscription service are not freely accessible, implying that they are exclusive to subscribers.
In conclusion, 21shares' growth to over $10 billion in AUM, coupled with strategic hires and a restructuring, positions the company well for future success in the digital asset investment sector.
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