Market Vectors builds Australian team
Following the appointment of Arian Neiron as managing director of its Australian business, Market Vectors ETFs has expanded its senior executive team in an effort to develop its local presence.
Matthew McKinnon has joined the van Eck Global-owned business as director, intermediary and institutional. He will manage and develop client relationships in the intermediary and institutional space.
McKinnon is the former Perpetual general manager of distribution for equities, and the superannuation and investment solutions divisions.
“Matthew has a wealth of experience in business development and brings strong relationships with financial advisers, private banks, stockbrokers, accountants, family offices and institutions,” Neiron said.
Russel Chesler, who becomes director, investments and portfolio strategy, will be responsible for investment portfolio management, new product development and capital markets.
He previously held positions at Perpetual, Grange Securities and boutique asset and wealth management advisory firm Sunstone Partners.
“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,” Neiron said.
McKinnon and Chesler join Timothy Bethe (senior director, product and governance) and Michael Brown (director, operations and finance) who have been in their positions since late 2012 and early 2013, respectively.
As part of Market Vectors’ growth plans, Neiron said the firm plans to list new exchange traded funds on the Australian Securities Exchange.
“Australia’s ETF market is still in its infancy with many opportunities ahead,” he said.
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