On Tuesday, VanEck announced the addition of two new associates to its team as well as plans to establish an on-ground presence in Brisbane to meet Australia’s growing interest in ETFs.
Chief executive and managing director of VanEck Asia-Pacific, Arian Neiron, said the expansion reflected VanEck’s plans for future growth in the region.
“As one of Australia’s fastest growing fund managers for more than five years, these new appointments reflect VanEck’s evolution in the region and our continued expansion in the future,” Mr Neiron said.
“VanEck has become the go-to ETF provider among the adviser community. We are the leader in smart beta ETFs and the leading innovator in the country. More than half of the ETFs we’ve launched have been a first in Australia.”
Deniz Kilic has joined VanEck as a business development associate, supporting the firm’s growing client base across NSW and Queensland.
Prior to this role, Mr Kilic worked as an associate financial adviser for Prime Partners Financial Planning for more than six years.
Vivian Liu has also joined VanEck as an associate in the investments and capital markets team and will be supporting the firm’s investment operations, including asset valuations and trade settlements.
Most recently, Ms Liu worked for TCorp as a client service administrator. Prior to this she worked for more than seven years at State Street as an assistant client service manager in fund operations, specifically working with ETFs and mutual funds.
VanEck said the new hires will assist the company in its growth as the demand for ETFs continues to outpace other investment products among the Australian market.
The firm also announced it would establish an on-ground presence in Brisbane in March to meet the rising demand for ETFs in the region.
According to VanEck, there has been significant growth in advisers engaging with its ETFs across Queensland following the promotion of Angus Fowler to Queensland business development manager.
In January, VanEck said it expected Australia’s ETF market to reach $200 billion in assets under management (AUM) by the end of 2024, with $18 billion to $20 billion in net flows.
“This year has further shown the resilience and popularity of ETFs, as well as the decline in actively managed funds,” Mr Neiron said earlier in December.
“While the economic turbulence of 2023 is likely to continue into 2024, it’s clear that investors are still seeking opportunities and are confident in the long-term benefits of investing in ETFs.”
