Matthew McKinnon has joined Market Vectors Australia as director, intermediary and institutional, while Russel Chesler has been appointed as director, investments and portfolio strategy.
“These appointments build on the depth of experience of the Van Eck team and demonstrate our commitment to growing our business in Australia,” Market Vectors managing director Arian Neiron said.
“Australia’s ETF market is still in its infancy, with many opportunities ahead.
“We believe our ETFs will have broad appeal to financial advisers, direct investors, self-managed super fund investors (SMSFs) and institutions.”
Mr McKinnon joins the company from Perpetual Limited, where he was general manager of distribution for equities and the superannuation and investment solution divisions.
In his new role he will be responsible for developing client relationships in the intermediary and institutional sectors.
Mr Chesler joins Market Vectors from Sunstone Partners and will oversee investment portfolio management, new product development and partial markets.
He will also be responsible for working closely with the company’s New York investment team on the portfolio management of all locally domiciled ETFs, as well as new product development and capital markets in Australia.
The two will join other recent Market Vector Australia appointments, including senior director, product and governance Timothy Bethe who was appointed in late 2012 and director operations and finance Michael Brown who joined the team earlier this year.
