Former BlackRock vice-chairman Blake Grossman will join BetaShares as a non-executive director in a major win for the ETF provider.
Blake Grossman was previously global chief executive of Barclays Global Investors/iShares from 2002 until its sale to BlackRock in 2009. He served as vice-chairman of BlackRock from the time of the acquisition until early 2011.
“I have admired the outstanding innovation, investor-centric focus, and strong culture at BetaShares for many years, and I’m delighted at the opportunity to join its Board. I’m very excited to help support BetaShares’ next stage of growth, and look forward to helping the firm further develop into a leading, independent Australian financial services business,” Mr Grossman said.
Mr Grossman is currently managing partner of ThirdStream, which focuses on private and early-stage investments in fintech and asset management businesses, and has served on the boards of Financial Engines and Axioma.
“We are excited to welcome Blake to the board of BetaShares. Blake’s extraordinary experience across the industry globally will provide us with invaluable expertise as we enter the next phase of our development,” said BetaShares chief Alex Vynokur.
The appointment follows a “significant investment” from global equity firm TA Associates as BetaShares looks to fuel a major expansion of its business.
“Looking at the decade ahead, we have a vision for the company to continue developing into a leading, independent Australian financial services business, offering a wide range of quality solutions to help our clients reach their financial goals,” Mr Vynokur said in March.