BetaShares opens Melbourne office


BetaShares has opened a new office in Melbourne, and has appointed Damon Riscalla, as national manager, adviser services in the Melbourne office.
His appointment followed additional hires the company had recently made in Sydney across its distribution, operations and finance functions.
BetaShares’ managing director, Alex Vynokur said: “We are pleased to welcome Damon into our team and look forward to building a strong on the ground presence in Victoria to help us meet increased client demand”.
He added that the business continued its growth trajectory and had recently surpassed $4 billion in assets under management (AUM).
Riscalla has over 20 years of experience in the funds management industries and the Australian exchange traded funds (ETF) industry.
Recommended for you
Clime Investment Management has welcomed an independent director to its board, which follows a series of recent appointments at the company.
Ethical investment manager Australian Ethical has cited the ongoing challenging market environment for its modest decrease in assets over the latest quarter.
Commentators have said Australian fund managers are less knowledgeable compared with overseas peers when it comes to expanding their range with ETFs and underestimating the competition from passive strategies.
VanEck is to list two ETFs on the ASX next week, one investing in residential mortgage-backed securities and the other in Indian companies.