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BetaShares appoints Dr Tony Rumble as Head of Portfolio Construction

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Tony Rumble, a leading Australian financial educator has joined BetaShares in the newly formed role of Head of Portfolio Construction. Dr Rumble will join the BetaShares distribution team with his primary responsibilities being to lead BetaShares’ asset allocation and portfolio construction strategy, as well as providing ETF education and analytics to the financial adviser and SMSF trustees.

Dr Rumble has a diverse background in financial services over 25 years ranging from legal counsel, partner at PriceWaterhouseCoopers and lecturer at the University of New South Wales before founding two successful businesses.

Dr Rumble worked as a full-time academic at ATAX UNSW in the 1990’s and retains a close involvement in academia and regulatory policy. Tony has consulted extensively to peak regulators including ATO, ASX, OECD and was an external consultant to the Commonwealth Government’s “Review of Business Taxation” in the late 1990’s.

He is also an accomplished author and presenter contributing to topics ranging from investment, tax and financial markets across broadcast and print media, including a regular contributing column to the Eureka Report.

Drew Corbett (pictured), Head of Investment Strategy & Distribution of BetaShares said, “We are excited to have Tony join the team. BetaShares was formed to provide Australian investors with simple, transparent and cost-effective exposures and this is in line with Tony’s philosophy for investing. He has an extensive history with financial products and will improve BetaShares value proposition with his educative approach to portfolio construction.

“With his deep understanding of the product and adviser market, we believe Tony is a perfect fit for the newly formed role. His technical background combined with a strong planner network will be crucial to the growth of BetaShares and raising the profile of the Australian ETF industry.”

Dr Rumble commenced with BetaShares on 30 January and will work closely with another recent hire Vinnie Wadhera, who was appointed as Director, Portfolio and National Account Sales earlier this year.

Prior to joining BetaShares, Dr Rumble was the founder of Alpha Financial Products. He also founded LPAC Online, an independent service provider to the Australian financial planning and accounting community with a client base of 4,000. The company provides end to end solutions for users of direct investments including education, training, asset consulting and investment solutions.

Rumble says: “I am looking forward to working with the team at BetaShares. It’s an exciting time to be involved in a rapidly growing and changing industry with most predicting the rise of ETFs to continue.”
 

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