The white-label ETF platform HANetf has appointed Dublin-based law firm A&L Goodbody as legal counsel in order to facilitate the launch of ETFs into Europe.
A&L Goodbody will provide legal, regulatory and taxation advice to HANetf and its on-platform clients and will avoid having to establish its own full-service proposition for the EU.
HANetf, founded by ETF veterans Hector McNeil and Nik Bienkowski, says it is close to launching with a number to clients via the Irish-domicile platform. Via the HANetf offer, prospective ETF issuers will gain access to a fully-managed solution including product development, capital markets, sales, marketing and distribution.
Bienkowski, who is also co-chief executive, said the agreement with A&L Goodbody reaffirms his company's commitment to creating a superior mechanism for clients to gain entry to the European ETF market. "It's critical for us and our clients to know that HANetf's proposition is supported by the best possible technology and the strongest and most experienced service providers," he said.
Meanwhile, HANetf has also recently appointed Mark Tan as director of operations. He joins from Blackfriars Asset Management where he held the position of operations director.
He said that HANetf boasts a unique proposition for traditional fund managers wishing to take advantage of the continued growth of ETFs. "All active managers should consider having a strategy with regards to the ETF market and I sincerely look forward to becoming part of a forward-thinking team able to lower the barriers to entry for asset managers who recognise the benefits of a white label solution."
HANetf has been bolstering its operations across a number of fronts in recnet months. In Febraury, it appointed David Patterson as sales director and in January it announced that BNY Mellon would be its service partner.