VanEck expands its investment team
VanEck Australia has appointed Cameron McCormack and Alice Shen to the roles of senior associate, investments, and associate, portfolio administration, respectively.
The company said the appointments were a part of the firm’s strategy to accelerate the growth of its exchange-traded fund (ETF) business in Australia.
McCormack, who joined from Pacific Life Re Australia, would be responsible for supporting the investments team across the trading of equities, fixed income and currency, as well as building quantitative models for portfolio management and investment performance analytics.
At the same time, Shen would oversee fund operations and the firm’s investment portfolios. Also, she would liaise with counterparties and custodians for settlement of trades and assisting with investments and portfolio operations.
Shen joined from State Street where she was a fund operations analyst and she also held a number of roles at RBC Investor and Treasury Services and BOC International.
VanEck Australia’s director of investments, Russel Chesler, said it was an exciting time for the ETF industry in Australia as investors continued to adopt ETF strategies, with smart beta strategies now accounting for a third of Australian exchange-traded product (ETP) strategies listed on the Australian Securities Exchange (ASX).
“We are focused on expanding our investments and portfolio operations infrastructure to support the growth of our business in Australia and ensure we are well positioned for future growth,” he said.
“Our ASX-listed smart beta ETFs have attracted a range of investor types which is testament to the high-quality, well-researched and relevant strategies we offer investors.”
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.
