Global X names local CEO

The firm has elevated Evan Metcalf to chief executive of the Australian business as the firm moves to accelerate growth and head off rivals.

Metcalf will bed down the acquisition of ETF Securities Australia in June 2022 and continue to build on Global XETF's offering - quality research, a strong balance sheet and a track record of innovative and investor-driven product design.

Luis Berruga welcomed Metcalf to the role and acknowledged his experience leading ETF Securities as head of product since 2015.

ETF Securities has rebranded as Global X ETFs after being acquired by Mirae Asset Financial Group and Global X in June.

"We have the utmost confidence that Evan's previous success and expertise in this market will help to advance our goals here in Australia as we look to create opportunities for our clients and expand our offering, creating an Australian ETF powerhouse," he said.

Interestingly, Metcalf  joined ETF Securities in 2014 and was involved in the launch of the joint venture between ETF Securities and ANZ Bank.

He previously worked as a structurer for equity derivatives at ANZ, providing product solutions to private wealth and institutional clients.

Before that, Metcalf spent eight years at Credit Suisse in London where he headed up structured equity products, exotic options and custom indices.

He started his finance career as a quantitative analyst for derivatives and credit at Westpac.

Mirae Global Investments, head of global business Young Kim expressed his enthusiasm for the success of Global X ETFs in Australia.

"We are excited to partner with such a strong industry veteran. Evan's charismatic leadership will act as a catalyst for our aspirations in the Australian market," he said.

The Mirae Asset group looks forward to the accomplishments that Evan and the Global X ETFs team will achieve in the near future."

Metcalf said the company's focus on product design, innovation, and investor-driven market access, as well as its suite of ETF products across key segments of thematic investing, income and commodities backed by in-depth research is unique.

"I look forward to partnering with all areas of the Global X global business to drive further growth and bring more products to Australia building on our global heritage and strong investor-centric approach," he added.