BetaShares is celebrating its $4 billion milestone with the creation of a new role and establishment of a new office.
In support of its continued growth, BetaShares has appointed a national manager, adviser services to be based in the business' new Melbourne office. Bringing 21 years' experience in financial services, Damon Riscalla joins BetaShares from Russell Investments where he held a range of roles, most recently managing ETF distribution.
BetaShares managing director Alex Vynokur said the appointment and new office demonstrate the firm's commitment to investing in education and client service.
"We are pleased to welcome Damon into our team and look forward to building a strong on the ground presence in Victoria to help us meet increased client demand," Vynokur said.
"Since the launch of our first ETFs in December 2010, our business has expanded considerably and we are now managing a diversified family of 39 funds, covering a broad range of asset classes and investment strategies."
BetaShares now holds $4.1 billion in assets under management and, in 2017, have launched the BetaShares Global Sustainability Leader ETF (ETHI), the BetaShares Strong Australian Dollar Fund (AUDS) and the BetaShares Strong US Dollar Fund (YANK), and the Australian Small Companies Select Fund (SMLL).
BetaShares is Australia's 11th fastest growing investment manager and fourth largest Exchange Traded Product operator behind BlackRock, Vanguard and State Street, according to Rainmaker research.