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Amun AG appoints Managing Director & Global Head of ETFs and ETPs


Amun AG, the Swiss special purpose company that recently launched the world’s first Crypto Basket Index ETP, has appointed Taeyong Lee as Managing Director & Global Head of ETFs and ETPs.

Lee joins the Amun team in preparation for a new suite of financial products in the form of exchange traded products (ETPs) that will be rolled out over the coming months, in addition to the Crypto Basket Index ETP. Lee has over 20 years’ experience in the exchange-traded products space. Prior to joining Amun, he was President and Global Head of ETFs for Mirae Asset Global Investments, where he led the expansion of its global ETF expansion into six countries: Canada (Horizons), US, Colombia, Hong Kong, Korea, and Australia (BetaShares), managing over USD30 billion in assets with almost 280 ETP listings.

Prior to Mirae Asset, he also worked at the US ETF company, ProShares, where he was a main developer of the America's first leveraged and inverse ETFs. 
 
Hany Rashwan, CEO of Amun, says: “Taeyong’s deep knowledge and experience in the exchange-traded product industry makes him a natural addition to our leadership team. Amun has created a world first with our first crypto index product and Taeyong’s experience and vision will help us take our mission to make investing in crypto as easy as buying a stock to new heights.”
 
Taeyong Lee, Managing Director & Global Head of ETFs and ETPs, says: “I am extremely excited about joining Amun where I can maximize my contributions in combining the revolutionary world of crypto into one of the most innovative investment vehicles. I look forward to making Amun’s vision of simplifying crypto investments a reality.”
 
Amun’s first ETP was listed on 22 November on the SIX Swiss Exchange, with the bell-ringing ceremony and first day of trading on 22 November. It is a physically fully-backed product that tracks the price of a basket of up to the top five most eligible crypto-currencies, which today includes Bitcoin, Ethereum, Litecoin, and Ripple. The Amun Crypto Basket Index ETP has comparable characteristics as a physical gold-backed ETP.

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