VanEck expands investments and operations team

VanEck Australia has announced the appointment of Cameron McCormack as senior associate investments within the firm's investments and portfolio operations team.

In this role, VanEck said McCormack will be responsible for supporting the investments team with the trading of equities, fixed income and currency (FX). He will also be responsible for building quantitative models for portfolio management and investment performance analytics and attribution.

He joins VanEck from Pacific Life Re Australia where he worked as both a pricing and client strategy analyst. Before that, he worked for Rice Warner as an actuarial analyst.

Joining him at VanEck is newly-appointed associate of portfolio administration, Alice Shen, who will be responsible for supporting fund operations and management of VanEck's investment portfolios.

Both McCormack and Shen will report directly to director of investments, Russel Chesler.

Chesler said of their appointments "I am delighted to announce the appointments of Cameron and Alice who bring exceptional quantitative experience to VanEck. We are focused on expanding our investments and portfolio operations infrastructure to support the growth of our business in Australia and ensure we are well positioned for future growth."

He added: "This is an exciting time for our business and the ETF segment as investors continue to adopt ETF strategies and embrace smart beta strategies which now account for a third of Australian ETP strategies listed on ASX."