Blair Hannon, head of investment strategy at Global X Australia, and Kanish Chugh, head of distribution, have departed the firm over a year after taking up the respective roles.
Hannon joined the firm in March 2022, making the move after four years at BlackRock. In this role, he worked closely with the research, marketing, and sales teams towards the firm’s ETF offerings.
Global X confirmed he departed the business on 1 September and has since joined Macquarie Asset Management as an ETF investment strategist.
“Global X has taken the opportunity to refine our attention to the strong investment strategy and research function within Global X that Blair has helped to establish. We wish Blair well and thank him for his contribution to Global X since joining in 2022,” it stated.
Meanwhile, Chugh had been with the firm, then known as ETF Securities, for almost a decade before it was acquired by Mirae Asset and Global X in June 2022.
He was named head of distribution in September 2022.
His departure came “as a result of a restructure designed to position the brand for continued growth and to align our operations with the functional structure of other Mirae Asset-owned investment brands worldwide”, Global X said.
It confirmed it will be hiring for a new head of sales amid the growing importance of its two separate sales and marketing teams.
“Kanish has made a significant and visible contribution to our business, and we acknowledge his strong commitment and efforts in supporting the growth of Global X ETFs Australia since he joined the former ETF Securities in 2015. The Global X ETFs business thanks Kanish and wishes him well in his next endeavours,” it said.
As of August 2023, the firm has some $6 billion in funds under management.
It has seen a number of appointments in recent months, expanding its Australian team last month with the appointment of Nicholas Vedelago as senior business development manager in Queensland.
It also appointed Nathan Lui as regional manager, southern, in its Melbourne office, and Rebecca Warneford as its key account manager in Sydney.
Globally, it features over 90 ETF strategies and more than US$45 billion in assets under management.
Global X is a member of South Korea-based Mirae Asset Financial Group, which recently announced a $28 million strategic investment in another Australian provider, robo-adviser and fund manager, Stockspot.
