Dan Annan

Cboe Australia is pleased to introduce the Cosmos Purpose Ethereum Access ETF (“CPET”), to Australian investors.

CPET invests in the Purpose Ether ETF which holds physically settled Ether tokens rather than derivatives. The fund is backed by world-class cryptocurrency custodian Gemini, which uses a global compliance platform to secure the fund’s Ether assets.

Since its launch on the Toronto Stock Exchange in April 2021, the fund has accumulated more than AUD$570 million in assets under management.

Cboe Australia CEO Vic Jokovic welcomed CPET to the exchange.

“We’re pleased to expand our partnership with Cosmos Asset Management and launch CPET to Australian investors on Cboe Australia.

“As investors continue to seek cryptocurrency exposure, it’s important the market provides them with choice and access. CPET offers Australians with unique access to the world’s first physically settled Ether ETF, and we’re excited o watch its progress.”

Cosmos Asset Management CEO Dan Annan said CPET offered Australians a best-in-class experience.

“CPET makes it easy for Australians to introduce Ethereum to their portfolio by eliminating the need for Ethereum wallets and cold storage, which are often the limiting factor for those interested in investing in cryptocurrencies.

“Now, adding Ethereum exposure is as familiar and easy for Australian investors as trading shares.”

CPET will commence trading on Cboe Australia on 31 May 2022 and will be available through Cboe Australia market participants and supporting Australian stockbrokers.

On 12 May, Cboe Australia and Cosmos Asset Management expanded Australian access to bitcoin through the launch of the Cosmos Purpose Bitcoin Access ETF (“CBTC”).

In 2021, Cboe Australia and Cosmos Asset Management introduced the Cosmos Global Digital Miners Access ETF (“DIGA”), giving Australians the ability to invest in the companies building the growing cryptocurrency sector.

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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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Taking on a newly expanded role, Jason Collins becomes Head of Client Business partnering with Head of iShares Jon Howie and James Crozier, representing BlackRock Solutions. Together, they will develop outcome-focused strategies that will serve the firm’s clients in Australia to better effect.

Dominik Rohe, Country Head for BlackRock Australia, said yesterday’s announcement reflects an evolution of the market in Australia, consistent with global trends.

Mr. Rohe said: “Regulatory reform, advances in portfolio risk and compliance technology – as well as developments in advice and retirement solutions – have blurred the line between Australia’s institutional and wealth sectors. This creates enormous opportunities for the superannuation and advice industry.”

He added: “A foundation of risk and investment management positions BlackRock well to work with institutional clients and wealth practices alike, as they strive to meet regulatory guidelines, cope with a lower-return environment and help their clients achieve long term goals. Jason has led a successful institutional business over the past three-and-a-half years, and his experience in the wealth sector positions him well to manage BlackRock’s distribution efforts, while building long-lasting and impactful partnerships with our Australian client base.”

BlackRock’s client business also benefits from a number of appointments, which become effective over the next month or so. Paula Gigler from Vanguard, joins BlackRock in iShares as a Vice President covering private banks and brokers, while James Stewart joins as an Associate from FIIG Securities to cover iShares in New South Wales and Queensland. Dan Annan, Vice President, relocates from San Francisco to join the iShares fixed income distribution team, and Stuart Anderson, Director, relocates from London to join the Transition Management and Market Structure team. Dylan Wedande joins from Rothschild Wealth Management UK to work as an associate in the Melbourne institutional team, while Jackson Lee joins from BT Financial Group as an analyst in the research house relations team.

Jason Collins said: “Bringing together the institutional and retail distribution teams will allow us to explore synergies between the two disciplines and think through new ways of serving our clients in Australia. Meanwhile, we are delighted to welcome new colleagues to our growing client business and look forward to making yet more appointments over coming months.”

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