Martin Bednall joined ETF provider FinEx ETF as managing director of exchange-traded funds, confirmed a spokesman for the firm.
Mr. Bednall will be responsible for portfolio management, product development and capital markets. His role is new, according to Simon Luhr, managing partner of FinEx Capital Management, investment manager for FinEx ETF.
Mr. Bednall was previously managing director, iShares product at BlackRock, where he was responsible for ETF product development, according to a news release. A spokeswoman for BlackRock was not available by press time.
The FinEx spokesman said the firm has about $100 million of ETF assets under management. The firm is particularly active in the Russian ETF market, he said.