Global X portfolio management head exits
Global X ETFs’ head of portfolio management is set to depart the firm in October.
Last week, it was announced that Global X’s Australian CEO, Evan Metcalf, would step down from the role after a decade spent with the firm.
He will remain until the end of October 2024, while the business transitions his responsibilities and takes steps to appoint a new CEO. Global X chief operating officer Oliver Reynolds and head of sales Manny Damianakis will oversee day-to-day operations through the course of the handover.
Now, Global X has confirmed Cliff Man, head of portfolio management, is also set to exit after having spent more than a decade with the company.
Man first joined in 2013 as a portfolio manager and went on to become a senior portfolio manager and co-head of portfolio management, before stepping up to the head of portfolio management position in 2020.
Chris Wolak has been appointed to take over the role, commencing in October 2024. He will oversee the company’s range of ETF products across equities, fixed income, commodities and digital assets. Moreover, Wolak will lead the management of all Global X ETFs, trading infrastructure and service provider relationships.
He joins from UBS Asset Management, where he spent 18 years as a portfolio manager. Wolak led the index portfolio management team in Australia for more than 12 years and spearheaded the establishment of the firm’s APAC regional indexing capability.
Young Kim, chief global officer at Global X’s parent company Mirae Asset Global Investments, welcomed Wolak during the business’s current growth phase.
“Chris’ deep understanding of funds management and exceptional track record reflect Global X Australia’s commitment to our team, clients and partners. We are excited to welcome him to our team and confident his ability will help drive forward our mission to provide better investment solutions for Australians,” Kim said.
Commenting on his own appointment, Wolak remarked: “I’m thrilled to be joining the team during a pivotal moment of innovation in the Australian ETF market. Global X has seen tremendous success over the past few years, and I look forward to leveraging my experience to help lead the next phase of the firm’s product suite and evolution.”
Last month, Global X also appointed Stephen Parker as a new portfolio manager to oversee product design and development, portfolio and risk management, trading and execution, as well as client reporting.
AUTHOR
Jasmine Siljic
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