BetaShares, a leading Australian ETF manager, has announced the establishment of its Melbourne office, as the business continues its growth trajectory having recently surpassed $4 billion in assets under management (AUM).
Damon Riscalla joins BetaShares in Melbourne as National Manager, Adviser Services. Damon brings with him 21 years’ experience across the banking, insurance and funds management industries. This includes existing experience in the Australian ETF industry, with his most recent role being ETF Distribution Manager at Russell Investments.
Commenting on the expansion, BetaShares Managing Director, Alex Vynokur, said: “We are pleased to welcome Damon into our team and look forward to building a strong on the ground presence in Victoria to help us meet increased client demand.”
Mr Riscalla’s appointment follows on from additional recent hires in Sydney across the distribution, operations and finance functions.
Mr Vynokur added, “Since the launch of our first ETFs in December 2010, our business has expanded considerably and we are now managing a diversified family of 39 funds, covering a broad range of asset classes and investment strategies. As a leading participant in the Australian ETF industry we are committed to investing in education and client service and are pleased strengthen that commitment with recent additions to the team.
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