Hauck & Aufhäuser Bolsters Digital Assets Division with Two Key Appointments
Hauck & Aufhäuser Innovative Capital has announced two key appointments for its digital assets division, effective October 1, 2021. Stephan Edelmann will take the helm as CEO, while Simon Seiter joins as Head of Digital Assets. The appointments come as the private bank looks to expand its product and service portfolio in this growing area.
Stephan Edelmann brings a wealth of experience to his new role, having served as a board member at Hauck Aufhäuser Lampe Privatbank AG. Despite extensive research, his immediate predecessor at Hauck & Aufhäuser could not be identified. Prior to this, Edelmann spent eight years at BNY Mellon's service-KVG in Frankfurt, rising to the position of CEO.
Simon Seiter also joins from a prominent financial institution, having worked at Commerzbank on blockchain-based securities and the digital euro. Before that, he headed the digital assets division at Deutsche Börse, where he was responsible for developing blockchain-based infrastructures. In his new role, Seiter will focus on expanding Hauck & Aufhäuser's digital assets offerings and driving business development in this sector.
With these appointments, Hauck & Aufhäuser is strengthening its commitment to digital assets. Edelmann will oversee all operational aspects of the investment company, while Seiter will drive product innovation and business growth. Dr. Philipp Wösthoff will return to his full-time duties in the legal department and the board secretariat of the bank.
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