Graeme Dewar, former Legal and General Investment Management (LGIM) strategy implementation head, and ex-Vanguard equities head Joy Yang have launched a service for asset managers looking to set-up an ETF business.
marketβeta will offer a range of bespoke services, from creating a basic label through to putting together a distribution model. Dewar (pictured) will be the chief executive of marketβeta, while Yang is the product specialist. The firm has also hired ex-Source legal expert Adrian Mulryan as general counsel. MiFID II is the 'latest injection of steroids into the ETF business' Speaking to Investment Week, Mulryan said the firm had already been speaking to some "tier one" asset managers about how they plan to launch their ETF businesses. "What we are trying to do is help asset mana...
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