ETF specialist joins BetaShares as Director of Institutional Business

Australian ETF manager, BetaShares, has announced the appointment of Dan Annan to the newly-created role of director of institutional business.

In this role, Annan will be responsible for leading BetaShares' activities with institutional investors and will work closely with the firm's co-heads of distribution, Peter Harper and Vinnie Wadhera.

Annan joins BetaShares from BlackRock Investments, having worked in various roles across the business in the US, including iShares Private Wealth Management, Capital Markets, the Fixed Income ETF team and, most recently, driving the iShares Institutional sales effort in Australia and New Zealand.

Alex Vynokur, CEO of BetaShares, said of Annan's appointment: "We are thrilled to have Dan leading our Institutional strategy...The industry is maturing rapidly in Australia, with institutions using ASX-traded ETFs increasingly frequently for a range of portfolio applications. We are confident that such institutional usage will only continue to grow over time, and we are positioning ourselves to meet the demand."