Graham Tuckwell will step into the role of executive chairman. As part of the restructure, the role of Australian CEO “is no longer required” and the incumbent, Kris Walesby, is leaving immediately.
“I am pleased and excited to be back in Australia and look forward to a more active and strategic involvement in defining the future direction of this strong firm,” Mr Tuckwell said.
“Today, ETF Securities has surpassed $3 billion in funds under management, doubling assets in just under two years. Kris has played an important role in leading the Australian business for the last five years and we wish him every success in his future endeavours.”
The senior management team will also take on “expanded responsibilities” and be responsible for the daily operation of the firm. Kanish Chugh has been appointed as head of distribution; Evan Metcalf has been appointed as head of product; and Cliff Man has been appointed as head of portfolio management.
“With the Australian ETF industry touching an all-time high of $70 billion in funds under management we believe that there are great opportunities in Australia for the business to accelerate and capitalise on its recent growth,” Mr Tuckwell said.
“We are committed to the Australian ETF market, excited for its potential and the role we have in making this a reality.”
