ETF Securities Group announced today that it will take full ownership of the ANZ ETFS joint venture, launched in partnership with Australia and New Zealand Banking Group in May 2015.
Shayne Collins, Managing Director of Markets, Institutional at ANZ, said: "The decision to sell our stake in ANZ ETFS is based on ANZ’s desire to simplify the Institutional business, and increase focus on supporting client trade and capital flows across the region."
From today, ANZ ETFS will be rebranded ETF Securities Australia, a wholly-owned subsidiary of the ETF Securities Group, which is a leading independent provider of exchange traded products founded by its Chairman Graham Tuckwell.
Mr Tuckwell is an Australian entrepreneur and philanthropist who has built the ETF Securities Group into a global firm with more than US$22 billion in assets under management. The firm has operations in Europe, the USA and Australia and its deep expertise, research and global product offerings will now be applied to expanding ETF Securities Australia.
"We are pioneers in exchange traded products and we have a long history of creating high quality alternative investment solutions for global investors," Mr Tuckwell said.
"Australia is an important part of our global strategy and we are keen to make our Group’s expertise and resources available to the Australian market and to help local investors achieve their investment goals," he said.
The ETF Securities Group plans to build on ANZ ETFS’ initial success to make ETF Securities Australia a leading independent and specialist provider of accessible, transparent and cost effective investment solutions for Australian investors.
The firm will continue to be led by Kris Walesby, the current head of ANZ ETFS.
"We are committed to delivering an ambitious programme of new products which we expect to start rolling out over the remainder of 2017," Mr Walesby said.
"We already have a strong foundation here with 13 ETPs listed on the ASX (eight launched under the ANZ ETFS name and five existing ETF Securities products) and I’m incredibly excited to have a pipeline of innovative, cost-effective solutions to share with Australian investors," he said.
To find out more about ETF Securities Australia products, visit www.etfsecurities.com.
