BetaShares appoints new COO
Exchange Traded Fund (ETF) specialist, BetaShares has appointed a new Chief Operating Officer and further grown its distribution team.
The company announced this week it had appointed former CitiCorp Technial Sales Manager, Debbie Bennett to the role.
With respect to its distribution team, BetaShares said it had hired two Business Development Associates who would be responsible for supporting BetaShares' distribution activities through institutional and intermediary channels.
Commenting on the appointments, BetaShares' managing director, Alex Vynokur said they were aimed at supporting the company's growing product set.
"We launched three new funds last year, each of which is designed to give investors new exposures that were not previously available on the Australian market," he said.
"We are now on track to hit a milestone of $2 billion in funds under management in the first quarter of 2015 and expect to continue to broaden our product set over the course of the year", Vynokur said.
AUTHOR
Mike Taylor
Recommended for you
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
