ETF Securities chief executive, Kris Walesby is leaving the company immediately with the company’s founder Graham Tuckwell having returned to Australia and taking on the role of executive chair.
The company announced the significant change today saying that Tuckwell would be playing a more active strategic role in defining the future direction of the business.
“As part of this new business structure, the role of Australian CEO is no longer required and the incumbent, Kris Walesby is leaving with immediate effect,” the announcement said.
The announcement said the company had also established a senior management team that would take on expanded responsibilities and be responsible for the daily operation of the firm, reporting directly to Tuckwell.
Kanish Chugh has been appointed as head of distribution. He will be responsible for growing the client base by building and strengthening partnerships with institutions, financial intermediaries, retail customers and self-directed self-managed superannuation fund investors.
Evan Metcalf has been appointed as head of product. He will be responsible for the development and management of products, as well as the management of capital markets relationships and the oversight of investment research.
Cliff Man has been appointed as head of portfolio management. He will be responsible for portfolio management, as well as for business intelligence and the oversight of the information technology functions of the company.