Betashares has made four senior promotions in its exchange-traded fund (ETF) distribution teams.
The ETF provider, which has $24 billion in assets under management, made a series of appointments this month in both its institutional and adviser services divisions.
Alistair Mills was appointed as executive director-head of institutional business, while Jordan Berta was appointed as director-institutional business.
Mills has been with Betashares for seven years, joining as a business development associate from a relationship management role in London at European asset manager Lyxor Asset Management.
He has since held a variety of roles at Betashares, including associate director of portfolio analytics and adviser business and director of institutional business and capital markets.
Berta joined the firm in 2019 from Challenger Ltd in the adviser services business and moved across to the institutional division in May 2022.
On the adviser side, Max Minack and Gavin Montgomery were appointed as directors for adviser business, and Jeremy Benson was appointed as a director for adviser services.
Minack has been with the ETF provider since October 2018, having joined from Bell Potter Securities and promoted from his prior role of associate director, while Montgomery and Benson have both been with the ETF provider for five years.
The appointments came at the same time as rival provider Global X ETFs saw two senior staff depart. Blair Hannon, head of investment strategy at Global X Australia, and Kanish Chugh, head of distribution, both departed the firm in September over a year after taking up the respective roles.
Chugh had worked at the firm, formerly known as ETF Securities prior to its acquisition by Mirae Asset, for over a decade but left as “the result of a restructure”, the firm said. Hannon joined in March 2022 after four years at BlackRock and left to join Macquarie Asset Management as an ETF investment strategist.
Last week, Betashares expanded its range of fixed income solutions by adding two new ETFs that offer investors targeted exposure to US Treasuries.
The Betashares Inflation-Protected US Treasury Bond Currency Hedged ETF, which commenced ASX trading on 20 September, provides exposure to a portfolio of US Treasury inflation-protected securities.
Meanwhile, investors can gain exposure to a portfolio of US Treasuries with maturities between seven and 10 years from the Betashares US Treasury Bond 7-10 Year Currency Hedged ETF, which is expected to begin ASX trading in late September.
