Van Eck’s exchange-traded fund business, Market Vectors, has recruited a former Perpetual executive to head up its relationships with intermediaries and institutional investors.
Matthew McKinnon will be responsible for overseeing and developing client relationships in the intermediary and institutional sectors.
He will be joined by Russel Chesler, who will serve as the company’s director of investments and portfolio strategy.
“I am delighted to announce the appointment of two highly reputable and skilled professionals to our team in Australia. Both have exceptional experience and a genuine passion for working in the ETF industry,” Arian Neiron, managing director of market vectors Australia said.
“Matthew has a wealth of experience in business development and brings strong relationships with financial advisers, private banks, stockbrokers, accountants, family offices and institutions," he added.
"Russel will be responsible for working closely with our New York investment team on the portfolio management of all locally domiciled ETFs, as well as new product development and capital markets in Australia.”
Prior to joining Market Vectors, Mr McKinnon worked for Perpetual Limited as general manager of distribution for the equities and the superannuation and investment solutions divisions.
Mr McKinnon and Mr Chesler are joined by Timothy Bethe and Michael Brown, who have been in their positions since late 2012 and early 2013 respectively.
Mr Bethe serves as senior director of product and governance, while Mr Brown is a director of operations and finance for the ETF provider.
Market Vectors has been building its Australian team as part of its aim to become one of the largest ETF providers in the Australian market.
“These appointments build on the depth of experience of the Van Eck Global team and demonstrate our commitment to growing our business in Australia. Australia’s ETF market is still in its infancy with many opportunities ahead.
"We believe our ETFs will have broad appeal to financial advisers, direct investors, self managed super fund investors (SMSFs) and institutions,” Mr Neiron said.
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