A global asset management firm, Alpha Innovations Ltd., has officially launched and it has chosen Bermuda as the home for its headquarters.
“The foundation of any institutional-quality investment management business is strong regulatory oversight and for this reason we chose Bermuda for our global headquarters,” said Lawrence Newhook, the company’s CEO and President.
“Bermuda has a sterling regulatory reputation in the asset management industry and established laws to govern blockchain business. In short, Bermuda is where the funds industry and blockchain meet and was, therefore, the perfect jurisdiction for Alpha Innovations.”
Bermuda’s Premier, David Burt, said his government has pioneered legislation to put the court at the forefront of the blockchain revolution and Alpha Innovations is exactly the type of cutting-edge company it is looking to attract.
“Bermuda has long been a respected centre for funds and now we can be a jurisdiction for new technologies allowing the trade of digitized assets,” he said. “We welcome Alpha Innovations and invite the evolving asset-management industry to choose Bermuda as a global platform for business.”
Alpha Innovations’ leadership team has decades of experience in asset management, institutional investing, and fintech from such blue-chip firms as Point72, Morgan Stanley, Goldman Sachs, CITIC and Balyasny