We are pleased to announce that London-based Michael Newell has joined AAX as an Advisor to the company.
He will be advising AAX on exchange operations, including market trends, exchange policies, ongoing monitoring of operations and institutional partnerships.
Michael draws from his rich experience working with leading market participants in finance, including the London Stock Exchange, Goldman Sachs, and IBM. He was the former Chief of Technology at IG Group, and served as a key member of the founding executive team at BATS Europe, growing it into one of the largest exchanges in Europe.
He was also the Founder of InvestYourWay, an online discretionary investment management service, and set up the first registered robo advisor in the UK. Both were acquired by IG Group in 2015.
In addition to advising AAX, Michael now invests in a portfolio of companies and holds advisory and non-executive positions with key startups in the fintech space.
On joining AAX, Michael said, “AAX is the first company I had seen entering the digital asset exchange space with a truly institutional-grade offering. Powered by London Stock Exchange Group Technology, and with a management team that has a firm grasp of the challenges facing large institutions, I believe AAX is poised for success, and I’m delighted to be a part of it.”
Michael’s addition to the team is crucial for AAX to deliver a fully compliant, high-performing, and trusted venue for its retail and institutional investors.
“We are privileged that Michael is joining AAX. He brings with him significant experience and knowledge of building robust, compliant and liquid markets, and we look forward to his counsel as we develop our platform,” said Peter Lin, Founder and CEO at AAX.