BetaShares appoints director of institutional business
Aussie ETF provider BetaShares has appointed Dan Annan to the newly-created role of Director – Institutional Business.
Annan will be responsible for leading BetaShares’ activities with institutional investors and working closely with Peter Harper and Vinnie Wadhera, BetaShares’ co-heads of distribution.
Annan joins BetaShares with ETF experience from BlackRock Investments, having worked in various roles across the business in the US, including iShares Private Wealth Management, Capital Markets, the Fixed Income ETF team and, most recently, driving the iShares Institutional sales effort in Australia and New Zealand.
Alex Vynokur, CEO of BetaShares, says that bringing Annan on board reflects the growth of the BetaShares’ business, and the ETF industry in Australia as a whole.
“We are thrilled to have Dan leading our Institutional strategy”, says Vynokur.
“The industry is maturing rapidly in Australia, with institutions using ASX-traded ETFs increasingly frequently for a range of portfolio applications. We are confident that such institutional usage will only continue to grow over time, and we are positioning ourselves to meet the demand.”
This appointment marks an already-strong year for the Australian ETF manager, which has seen funds under management surpass the AUD5.5 billion mark as well as the launch of four new funds so far this year, including the Australian shares ETF, A200.
“Since the launch of our first ETFs in December 2010, our business has evolved considerably and we now offer the broadest range of exchange traded funds in Australia, providing solutions for a wide range of investor needs”, says Vynokur.