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Andrew Sibbald Joins Warburg Pincus as Co-Head of Europe

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Highly experienced Corporate Financier and Business Builder Will Partner with René Obermann to Further Accelerate the Growth and Momentum of the Firm’s European Business

LONDON, July 31, 2023 /PRNewswire/ — Warburg Pincus, a leading global growth investor, today announced the appointment of Andrew Sibbald as a Managing Director and Co-Head of Europe. Mr. Sibbald will work alongside veteran investor and current Co-Head of Europe, René Obermann, based in Berlin. Mr. Sibbald will succeed Adarsh Sarma, who will remain a Managing Director and Partner with the Firm, focusing on his existing portfolio. Jim Neary, Co-Head of U.S. Private Equity, will work closely with Andrew, René and the European team to support the firm’s global strategy, portfolio management and new investments.

Based in London, Mr. Sibbald joins Warburg Pincus from Evercore, where he most recently served as Chairman and Senior Managing Director of Evercore’s European investment banking business. He was previously the Co-Founder and Senior Partner of Lexicon Partners which was acquired by Evercore in 2011. With over 35 years of financial services experience, Mr. Sibbald has advised on many notable M&A and corporate finance transactions including recently: Arcmont on its sale to Nuveen; Global Risk Partners on its sale to Brown & Brown; and AA on its sale to Warburg Pincus and TowerBrook Capital.

“Andrew’s impressive expertise and deep-rooted experience, particularly in Europe, advising leading companies on a variety of sophisticated transactions will serve our portfolio and investing teams well as we continue to navigate complex market dynamics,” said Chip Kaye, CEO, Warburg Pincus. “We look forward to welcoming Andrew to Warburg Pincus and want to thank Adarsh for his 18+ years of service in the US and Europe,” continued Jim Neary, Managing Director, Co-Head of U.S. Private Equity, Warburg Pincus.

“I have long admired the success and culture of Warburg Pincus and I’m thrilled to be joining the firm. I have enormous respect for René and look forward to working closely with him and the team in Europe to drive further positive momentum in the business here. Warburg Pincus has an incredibly strong reputation for creating effective partnerships with management teams all over the world to deliver sustainable value and growth, as well as attractive returns for its investors. I strongly believe that the firm’s long established global platform together with its local networks and insights provide real advantages to the management teams and businesses that partner with us,” said Andrew Sibbald.

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Warburg Pincus is one of the leading private equity investors in Europe. Since the firm’s first European transaction in 1983, the firm has invested more than $15B in over 130 companies in 23 European countries. The firm has one of the largest pools of available private equity capital in Europe and seeks to partner with management teams that are building, transforming or acquiring businesses with the potential to be market leaders with enduring value.

Prior to founding Lexicon Partners in 2000, Mr. Sibbald was a Managing Director at Donaldson, Lufkin & Jenrette, where he led a team specializing in M&A in the financial institutions sector. He was previously a Partner in The Phoenix Partnership.

About Warburg Pincus
Warburg Pincus LLC is a leading global growth investor. The firm has more than $83 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $112 billion in over 1,000 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow us on LinkedIn.

Contact

Kerrie Cohen | Managing Director, Head of Communications
T: +1 212 878 9207
E: kerrie.cohen@warburgpincus.com

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View original content:https://www.prnewswire.co.uk/news-releases/andrew-sibbald-joins-warburg-pincus-as-co-head-of-europe-301888869.html

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Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches

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Sarah Brennan, an accomplished figure in corporate and securities law, serves as General Counsel at Delphi Ventures, focusing on investments in the Web3 space. With over 14 years of experience in securities law and a deep involvement in digital assets since 2017, Brennan also co-leads LeXpunK, a collective dedicated to establishing legal frameworks for decentralized digital communities.

In a candid interview with a prominent cryptocurrency news outlet, Brennan discussed various critical topics. She addressed the emergence of crypto super PACs, funded significantly by major firms like Ripple and Circle, to counter strict SEC regulations. Brennan viewed the SAB 121 bill, backed by the US administration, as potentially isolating the crypto community from broader financial integration.

While acknowledging the influence of centralized entities in advocating for crypto interests, Brennan cautioned against replicating traditional financial hierarchies within the crypto sphere, which contradicts its revolutionary ethos. She expressed concerns about monopolistic scenarios that could dominate the crypto landscape, exerting excessive control over essential industry components and traditional financial operations.

Regarding regulatory challenges, Brennan advocated for tailored regulations to manage systemic risks posed by large centralized crypto institutions. She criticized the current regulatory opacity and inconsistency, which she believes have fostered suboptimal business practices. Through LeXpunK, Brennan endeavors to pioneer experimental legal structures that could redefine regulatory compliance for token issuances, though reception from policymakers has been lukewarm.

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Looking ahead, Brennan emphasizes the need for proactive regulatory approaches using antitrust measures to prevent crypto monopolies, promote decentralization, and target bad actors. However, she highlighted the persistent communication gap between crypto-literate legal advocates and hesitant regulators as a significant obstacle.

Brennan continues to drive forward her mission through new advocacy platforms aimed at shaping the future of cryptographic regulation, navigating complexities to ensure balanced and effective regulatory frameworks in the evolving crypto landscape.

Source: shakirabrasil.info

The post Legal Luminary Sarah Brennan Champions Pioneering Crypto Regulation Approaches appeared first on HIPTHER Alerts.

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Italy Ramps Up Crypto Oversight in Line with MiCA

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Italy is preparing to strengthen its oversight of cryptocurrency markets to align with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. This initiative, initially enacted in 2022, aims to impose stricter monitoring of digital asset markets, particularly targeting insider trading and market manipulation. Under the new decree, fines ranging from 5,000 to 5 million euros ($5,400 to $5.4 million) will be imposed based on the severity of violations, reinforcing compliance and market integrity.

For blockchain firms and decentralized finance (DeFi) protocols, MiCA presents significant challenges. These entities must decide between fully decentralizing their networks or complying with MiCA’s Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Fully decentralized networks are exempt from reporting requirements but risk non-compliance if they employ foundations or intermediaries moderating communities.

Centralized exchanges like Binance are adapting to MiCA by categorizing stablecoins as authorized or unauthorized, aligning with regulatory requirements without delisting these assets from spot markets. Uphold has similarly adjusted by delisting certain stablecoins for compliance purposes.

Despite regulatory pressures, experts are optimistic about stablecoins’ future. Figures like Jeremy Allaire, CEO of Circle, predict stablecoins could represent 10% of the money supply within a decade. They anticipate widespread adoption driven by benefits such as financial inclusion, lower remittance costs, and seamless cross-border commerce via public blockchains.

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This regulatory framework underscores the transformative potential of stablecoins and blockchain technology within the global financial system.

Source: coinfomania.com

The post Italy Ramps Up Crypto Oversight in Line with MiCA appeared first on HIPTHER Alerts.

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1inch Network Teams Up with Blockaid for Shield API

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1inch Network has collaborated with Blockaid to introduce the 1inch Shield API, a pioneering advancement in Web3 security. This collaboration aims to enhance user protection within decentralized finance (DeFi) by bolstering defenses against fraudulent tokens. Blockaid, renowned for its expertise in Web3 security solutions, utilizes advanced data analytics and machine learning to swiftly identify and flag scam tokens, safeguarding users from potential financial risks.

The 1inch Shield API also addresses compliance with Anti-Money Laundering (AML) regulations through continuous screenings of blockchain addresses. Powered by TRM Labs, this feature scrutinizes addresses for associations with sanctioned entities and illicit activities, preemptively restricting suspect addresses to prevent regulatory infractions.

Additionally, 1inch integrates Etherscan Pro’s blocklisting capabilities to proactively blacklist suspicious addresses, further fortifying its security measures.

This initiative marks a significant milestone in DeFi security, promising unparalleled levels of security and compliance. As 1inch continues to deploy this technology across its platform, it aims to provide developers and users with enhanced protection and confidence in navigating the Web3 landscape.

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Source: cryptotimes.io

The post 1inch Network Teams Up with Blockaid for Shield API appeared first on HIPTHER Alerts.

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