FiCAS, a Swiss-based crypto investment management boutique, has appointed Dr Daniel Diemers, former Financial Services Partner at PwC Strategy&, and former PwC Head of Blockchain for Europe, Middle East, and Africa, as a new member of its Board of Directors. Diemers is a founding member of the Swiss Blockchain Federation, the Swiss Finance Technology Association, and the Crypto Valley Association, as well as a serial digital entrepreneur and investor.
This announcement follows FiCAS’ recent successful launch of the Bitcoin Capital Active ETP — the world’s first discretionary managed ETP with cryptocurrencies as the underlying asset, which is listed on SIX Swiss Exchange. Since the launch last month, FiCAS has increased its assets under management by over 50% to more than CHF3 million, with inflows suggesting widespread retail adoption.
The Bitcoin Capital Active ETP has largely outperformed traditional indices such as Dow Jones, SP500, Euro Stoxx 50, High Yield Corporate Bond ETF (HYG), Dow Jones Real Estate Index (DJUSRE), Commodity Research Bureau Index (CRB), and Crude Oil Future (First Class). BTCA performed 15 per cent since launch, while featuring attractive volatility levels and a maximum drawdown of 5 per cent — comparable to the average drawdown characterising the noted indices over the same period.
Diemers says: “I was impressed by FiCAS’ innovative investment strategies, as well as the team’s determination to introduce new pioneering crypto-products to the market. The launch of the Bitcoin Capital Active ETP, being the world’s first actively managed crypto ETP, shows the strong potential of FiCAS to transform financial markets and drive mainstream adoption of digital assets. I am proud to be joining the FiCAS Board of Directors and look forward to bringing my experience in finance and blockchain technology to propel forward change and growth in the financial markets.”
Dr Mattia Rattaggi, Chairman of the FiCAS BoD, says: “Dr Daniel Diemers brings a wealth of experience and knowledge, as well as his industry reputation and network to FiCAS. His guidance will be instrumental to ensure continuous sustainable growth to an institutional-grade firm offering a first-of-its-kind product to professional and institutional investors seeking to add potential for exponential returns to their portfolios.”