Apex’s EDB appoints BNY Mellon's David Claus as CEO
European Depositary Bank, the Luxembourg-based provider of banking, depositary and custody solutions, on Monday announced that it has appointed David Claus as CEO and member of its board of directors. Claus until recently was the Luxembourg head of BNY Mellon.
The bank, known as EDB, is part of Apex Group and is one of the largest providers of depositary services in Europe for regulated Ucits and alternative funds, with over 160 billion in assets under depositary as of May 31.
A surging virtual assets market awaits regulation
Luxembourg companies from small to large are taking strides in the realm of virtual assets. This market is still under construction and regulatory and infrastructural elements are still pending. Several companies were represented at the recent Luxembourg For Finance Digital Capital Raising webinar, along with a representative of Luxembourg’s financial regulator CSSF.