BlackRock today announced the appointment of Katie Petering to the role of Head of Asset Manager Sales, iShares, Australia as it expands its distribution team to meet the rapidly-rising demand for ETFs from Australian and New Zealand institutional investors.
Reporting to Jon Howie, Head of iShares and index investing, Australia, and working with local and global teams, Katie will lead efforts to develop and tailor investment solutions for traditional asset managers, insurers, banks and pension funds, and will act as thought leader on the important issues facing institutional investors – from portfolio construction and risk management, to trading and liquidity management, and regulatory change. With 17 years’ experience in financial markets across equities, fixed income and derivatives, in both Australia and Hong Kong, atie brings extensive market expertise and leadership experience. Most recently, Katie established and led the Private Investor Product Group at Goldman Sachs, Australia; a role she held for 13 years.
Commenting on the appointment, Jon Howie, Head of iShares and Index Investing Australia and Head of Equity Index Product Strategy, Asia Pacific, said:“I’m delighted to have an individual of such high calibre as Katie join our expanding iShares team. As the leading industry ETF provider in Australia and globally, iShares constantly seeks to deliver ever greater value to our clients, via innovative product offerings and an in-depth understanding of the needs and preferences of institutional investors. Katie’s appointment is a significant step forward in that endeavour, and will be of great value to our institutional clients as we continue to evolve our ETF solutions.”
The appointment follows iShares’ recent launch of two institutional-quality cash ETFs (iShares Core Cash ETF (Ticker: BILL) and iShares Cash ETF (Ticker: ISEC)) designed to address the demand for truly liquid and transparent cash instruments, at the lowest cost available in the market. In June 2017, it was announced that BlackRock iShares Enhanced Strategic Models have gathered AU$150mn in assets under management since coming to market in January 2016. The portfolios were recently given a “recommended” rating by Lonsec, which praised BlackRock’s capability as a leader in risk management and global asset allocation.
In a second appointment, Kathryn Barnes – previously COO for Australia – has moved to the newly created role of Head of Digital Technology, Australia, and regional lead, Digital Sales Enablement, APAC. Continuing to report to Dominik Rohe, Country Head, Australia, and Damien Mooney, Digital Strategy Lead, APAC, Kathryn is responsible for implementing BlackRock’s digital technology strategy and driving client engagement in a dynamic and complex wealth management environment.
“The provision of digital advice is critical to addressing the impact of regulatory challenges, digital disruption and difficult markets on our clients’ investment models,” said Dominik Rohe, Country Head, Australia. “As we evolve our business to reflect the growing prevalence of new technology, Kathryn’s ample experience will enable us to deliver the full potential of such technology to the wealth management space.”
Shane Flatman now takes on the role of COO for Australia from his previous role of Head of Finance and Strategy for Australia. Shane reports to Dominik Rohe and Andrew Reynolds, CFO, COO and Head of Corporate Strategy Asia Pacific. He has been with the firm since 2014.