Australian bank ANZ is understood to be planning to list its first exchange-traded funds in Hong Kong next year, after its ETF range debuted in Australia in June.
That follows ANZ’s hire of Kris Walesby, who became Sydney-based head of ANZ ETFs on October 10, and Hong Kong-based Frank Henze, who joined in May to set up an ETF platform as Asia head of ETFs.
The Australian bank has linked up with ETF Securities to issue ETFs both in Australia and more widely in Asia, a spokeswoman for the joint venture confirmed. “Any ETFs issued by ANZ would be through the joint venture, ANZ ETFS,” she said.
ANZ announced in May that it would become the first Australian bank to enter the ETF market, unveiling Danny Laidler and Adam Smith as co-heads of ANZ ETFS. Laidler and Smith both left ANZ ETFS at the end September to be replaced by Walesby.
Smith started as chief operating officer at OzForex at the beginning of October. ANZ ETFS’s spokeswoman declined to comment where Laidler has moved to.
Walesby was previously London-based head of ETF distribution as head of capital markets for Europe, the Middle East, and Africa with Invesco PowerShares. He made the move to Sydney in October.
The ANZ role is Henze's first since leaving State Street last year, where he was head of ETFs.