Robeco appoints ETF head from Fidelity
Global fund manager Robeco has appointed Nick King as head of exchange traded funds (ETFs).
The firm said the appointment is part of a strategy to expand its fund management capabilities with an ETF platform.
It said the idea of launching ETFs has “been under consideration at Robeco for a while” given their popularity in the investment landscape.
“Robeco recognises that ETFs present a major opportunity to package strategies, complementing existing capabilities offered through mutual funds and mandates,” the firm said in a statement.
King joins Robeco from Fidelity where he worked as head of ETFs for eight years in London. Prior to this, he spent nine years at BlackRock in a variety of roles including senior ETF portfolio manager and head of product research and innovation.
Ivo Frielink, head of strategic product and business development at Robeco, said: “We are very pleased to welcome Nick to Robeco as head of ETFs.
“His extensive experience in ETFs and his commitment to innovation align perfectly with Robeco’s strategic vision and research-driven approach. We are confident that under Nick’s leadership, Robeco can successfully wrap its investment expertise and strategies into a comprehensive ETF line-up.”
King said: “I am delighted to join Robeco during this pivotal moment in its journey into the ETF market. I look forward to leading the charge, and leveraging my experience to drive innovation and success in this rapidly evolving space. Together with the talented team at Robeco, I am confident that we can make a meaningful impact on the future of ETFs.”
According to the latest BetaShares ETF report, the Australian ETF market has a total market cap of $156 billion, helped by $2.5 billion in inflows during August. This included $1.1 billion of inflows into Australian equity ETFs.
These included the Vanguard Australian Shares Index ETF which gained $507 million, iShares Core S&P/ ASX 200 ETF which gained $273 million, and BetaShares Australia 200 ETF which gained $162 million.
Robeco was founded in the Netherlands in 1929 and has been operating in Australia since 2012 with offices in Sydney and Melbourne. It has $297 billion in assets under management.
AUTHOR
Laura Dew
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