21Shares has appointed Marco Infuso as managing director for business development in Germany, Switzerland and Austria (DACH).

Infuso joins from Bank Vontobel where he has been responsible for actively managed certificate (AMC) ETF business development in Switzerland and Lietchtenstein since January 2020.

Prior to this, he spent five years at Commerzbank as head of institutional sales in Switzerland for the firm’s ComStage ETF range between 2014 and 2019.

Infuso has also held senior roles at Lombard Odier Asset Management where he was head of sales for Germany and Austria and Pioneer Investments.

Commenting on the appointment, Hany Rashwan, CEO of 21Shares, said: “Attracting talent becomes a more regular focus to continue the quality growth and further the institutional investors who are stepping in this asset class." 

Infuso added: “The asset class 'cryptos' has now arrived in the traditional conventional investment industry and becomes a necessity in every portfolio allocation. 

“Making this asset class accessible and, above all, understandable to a broad public in Switzerland, Germany and Austria will be my goal.” 

Infuso will join the 21Shares team of six with immediate effect. His arrival follows other recent appointments such as Sina Meier as head of business development for Switzerland and Lucy Reynolds as operating chief.