BetaShares appoints educator to head portfolio construction

BetaShares has appointed University of New South Wales lecturer Dr Tony Rumble as head of portfolio construction.

Rumble, who took up the position on 30 January, will also provide exchange-traded fund (ETF) education and analytics to financial advisers and self-managed super fund trustees, BetaShares stated.

Rumble previously worked as a legal counsel, was a partner at PricewaterhouseCoopers and founded two businesses, Alpha Financial Products and LPAC Online.

He retains a close involvement in academia and regulatory policy, and has consulted extensively to peak regulators including the Australian Taxation Office, Australian Securities Exchange and the Organisation for Economic Co-operation and Development, BetaShares stated.

He is also an accomplished author and presenter and a regular contributor to the Eureka Report, BetaShares said.

Drew Corbett, head of investment strategy and distribution of BetaShares, said Rumble has an extensive history with financial products and would improve BetaShares' value proposition with his educative approach to portfolio construction.

"His technical background combined with a strong planner network will be crucial to the growth of BetaShares and raising the profile of the Australian ETF industry," Corbett said.

Rumble will work closely with Vinnie Wadhera, who was recently appointed as director, portfolio and national account sales earlier this year.