Wealth & Investing
London, United Kingdom
Investments and Asset Management
Description‘They’re great to trade but we don’t consider them in the same basket as stocks and bonds,’ says Mark Ward, head of execution trading at Sanlam, during a gathering of HNWs at the Spear’s crypto briefing in 2018. Ward started in the City 16 years ago and has worked for banks, wealth managers and broking houses in various securities trading roles. With a degree of caution when it comes to crypto, he’ll recommend an ETF linked to blockchain companies to his clients. He warned, ‘When you’re buying a cryptocurrency you’re effectively buying a very complex algorithm and a peer-to-peer network. It’s a digital asset. It’s not backed by anything.’ ‘Just like the pound,’ chirped an audience member.
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