BetaShares hires industry specialist to lead Institutional investor expansion


BetaShares, a leading Australian ETF provider, has announced the appointment of Dan Annan to the newly-created role of Director – Institutional Business.

Mr Annan will be responsible for leading BetaShares’ activities with institutional investors and working closely with Peter Harper and Vinnie Wadhera, BetaShares veterans and co-heads of distribution.

Mr Annan joins BetaShares with a wealth of 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, said that bringing Mr 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”, said Mr 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 $5.5 billion mark as well the launch of four new funds so far this year, including the world’s lowest cost Australian shares ETF[1], 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”, added Mr Vynokur.

[1] Source: Bloomberg, based on expense ratios of Australian shares ETFs traded in Australia or on overseas exchanges.

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