Tony Kelly was named a managing director and head of product development for the exchange-traded fund business at Goldman Sachs Asset Management, said an internal memo to GSAM employees obtained by Pensions & Investments.
The position is new. Mr. Kelly will help increase and develop the ETF offerings in GSAM's third-party distribution business. He will report to Michael Crinieri, a managing director at GSAM and global head of ETF strategy.
Mr. Kelly was a managing director at BlackRock and a founder of the iShares capital markets group. It could not be learned by press time if he was replaced; BlackRock spokeswoman Melissa Garville declined to comment.