VanEck strengthens team as ETF growth continues

August 2022

 

VanEck has expanded its local team with five recent hires in investments & capital markets, sales and marketing roles as demand for its exchange traded funds (ETFs) steadily grows and with funds under management (FUM) for the entire industry expected to double to $240 billion within the next three years.

Sydney, 3 August 2022 – VanEck has expanded its local team with five recent hires in investments & capital markets, sales and marketing roles as demand for its exchange traded funds (ETFs) steadily grows and with funds under management (FUM) for the entire industry expected to double to $240 billion within the next three years.

Pranay Lal and Daniel O'Connell have both joined the VanEck investments & capital markets team. Lal joined from Macquarie Group where he worked as a senior associate in the treasury division while O’Connell’s most recent role was at Bennelong Funds Management where he worked as a senior investment operations analyst.

Elsewhere, Anna Napoli and Hannah McCormick have joined the marketing team to help promote VanEck’s range of ETFs to financial advisers and stock brokers, and provide investment solutions to institutional investors. Napoli joins from SBS News after having also worked for Financial News Network. McCormick previously worked for a content agency.

The sales team has been boosted by the addition of Grace Edwards. Grace joins from Oakleigh Financial where she worked in client support.

Arian Neiron, CEO & Managing Director – VanEck Asia Pacific, said: "These appointments will enhance VanEck’s operations as demand for our products grow. Our five new people will work to significantly expand the investment capability of VanEck, as well as boost investors’ understanding and engagement of our smart beta products, which form a core part of VanEck’s ASX ETF range."

VanEck now has 30 ETFs listed on ASX, and more are planned. While global and local share markets lost ground over the past year, VanEck’s FUM continued to increase, rising to $9.1 billion as at June 30, up 19% from a year earlier.

"We expect to launch Australia’s first carbon credits ETF later in the year. We’re growing to bolster our support and ability to provide intelligent insights and opportunities for investors. A transformation too in the business model for financial advice, with a greater focus on targeted outcomes, is driving the take up of ETFs from the adviser community. In particular, advisers and investors are also turning to VanEck smart beta ETFs to potentially beat the market as an alternative to actively managed funds, most of which have underperformed over the longer term."

"Investors too will be demanding their investments work harder to create and preserve wealth. We expect flows into ETFs to gain momentum in the second half of 2022 as markets digest higher interest rates," Neiron said.

Founded in 1955 and based in New York, VanEck is one of the largest providers of ETFs in the world and the fastest growing ETF provider in Australia.


Any views expressed are opinions of the author at the time of writing and is not a recommendation to act.
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