Leading Australian ETF provider, ETF Securities, has announced that following his return to Australia, Graham Tuckwell, founder and chairman of ETF Securities, will take up the new role of Executive Chairman of the Australian operation.
As such, Mr Tuckwell will play a more active strategic role in defining the future direction of the business, applying his decades of experience in building the international ETF businesses.
As part of this new business structure, the role of Australian CEO is no longer required and the incumbent, Kris Walesby is leaving with immediate effect.
The firm also announced the established senior management team will take on expanded responsibilities and be responsible for the daily operation of the firm, reporting directly to Mr Tuckwell.
Kanish Chugh has been appointed as Head of Distribution. He will be responsible for growing the client base by building and strengthening partnerships with institutions, financial intermediaries, retail customers and self-directed SMSF investors.
Evan Metcalf has been appointed as Head of Product. He will be responsible for the development and management of products, as well as the management of capital markets relationships and the oversight of investment research.
Cliff Man has been appointed as Head of Portfolio Management. He will be responsible for portfolio management, as well as for business intelligence and the oversight of the information technology functions of the company.
Graham Tuckwell, Executive Chairman ETF Securities Australia said: “I am pleased and excited to be back in Australia and look forward to a more active and strategic involvement in defining the future direction of this strong firm.
“Today, ETF Securities has surpassed $3 billion in funds under management, doubling assets in just under two years. Kris has played an important role in leading the Australian business for the last five years and we wish him every success in his future endeavours.
“With the Australian ETF industry touching an all-time high of $70 billion in funds under management we believe that there are great opportunities in Australia for the business to accelerate and capitalise on its recent growth. We are committed to the Australian ETF market, excited for its potential and the role we have in making this a reality,” added Mr Tuckwell.
