Business
Hamilton Lane Names Victor Jung as Head of Digital Assets
The appointment underscores the private markets firm's ongoing commitment to be at the forefront of adopting innovative technology solutions, and a
About this update from Hamilton Lane Incorporated
[{"type":"text","content":"The appointment underscores the private markets firm's ongoing commitment to be at the forefront of adopting innovative technology solutions, and a recognition of the significant role digital assets are likely to play in broadening access to the private markets\nCONSHOHOCKEN, Pa., June 22, 2022 /PRNewswire/ -- Hamilton Lane (NASDAQ: HLNE) today announced that Victor Jung is joining the firm as Head of Digital Assets. In this newly-created role, Jung will be responsible for developing and overseeing the execution of the firm's digital asset strategy. He will oversee this strategy globally and report directly to Frederick Shaw, Chief Risk Officer and Global Head of Operations.\nJung brings nearly a decade of leadership experience in financial services across both institutional and private wealth channels to Hamilton Lane. He was most recently Head of Distribution Partners & Liquid Private Markets – Asia Pacific, at Partners Group. In that role, Jung oversaw business development and led the onboarding of the firm's first three wealth technology platforms.\n\"We're committed to expanding access to this asset class for a broader set of investors, and to bringing greater usability and transparency through the use of technologies like blockchain,\" said Shaw. \"We are thrilled to welcome Victor to our team as we look to build on our digital asset offering and continue to find innovative ways to serve investors of all sizes around the world.\"\nThis news comes as the firm looks to broaden its digital asset offering, which today includes a partnership with Singapore-based digital securities exchange ADDX, offering tokenized access to Hamilton Lane's Global Private Assets Fund. The Fund is accessible to ADDX investors at a minimum ticket size of $10,000, compared to the minimum of $125,000 or more for investors who subscribe via traditional, non-tokenized distribution channels.\nThe partnership, and subsequent balance sheet investment into ADDX, made Hamilton Lane one of the earliest major private markets firms to tokenize a fund, and reflect the firm's long-standing commitment to identifying and investing in innovative technology solutions as a means of solving for some of the traditional pain points in the asset class. For more than a decade, the firm has been making strategic investments into innovative financial technology firms aimed...