Bringing you live news and features since 2006 

American Century appoints new head of ETFs

RELATED TOPICS​

American Century Investments has appointed Edward Rosenberg as senior vice president and head of ETFs for the USD165 billion global asset management firm.

Rosenberg joins American Century from Northern Trust’s FlexShares business, where he has served as senior vice president and head of ETF capital markets and analytics. The hiring of Rosenberg is in advance of American Century’s planned entry into the exchange traded funds (ETF) marketplace, which is slated to happen early next year.
 
“Ed brings nearly two decades of ETF experience to this newly created position at American Century Investments,” says Jonathan Thomas, president and chief executive officer for the firm. “We’ll leverage his expertise to develop an array of ETF solutions as we continue to invest in our capabilities that meet our clients’ needs – in the ways they prefer – throughout their lifetimes.”
 
As head of ETFs, Rosenberg will be responsible for creating American Century’s new line of ETFs, an investment vehicle that has surged in popularity with investors in recent years. In 2016, net share issuance of US ETFs reached a record USD284 billion, with total assets exceeding USD2.5 trillion, according to the Investment Company Institute1.
 
Rosenberg will leverage the expertise of the firm’s experienced investment teams to develop a suite of ETFs – including active ETFs – for investors. Unlike passive ETFs, which are designed to track an index, active ETFs are actively managed on a daily basis by a portfolio manager or team of managers making investment decisions in pursuit of a specific investment objective. Rosenberg also will be responsible for building relationships with market makers, authorised participants and exchanges. 
 
“Our clients know and already appreciate the active management capabilities we will harness as we develop new ETF strategies,” says Peruvemba Satish, American Century senior vice president, portfolio manager and director of global analytics. “With the active ETF segment of the market still in the early stages of development, we’re confident American Century can be a very relevant player by providing the solutions our clients need now and in the future.”
 
Prior to joining FlexShares in 2012, Rosenberg was director and head of capital markets and analytics with Russell Investments, where he helped launch the majority of the firm’s current ETFs. Earlier in his career, he served in a variety of leadership positions at Vanguard, including ETF product manager. Rosenberg graduated from Muhlenberg College with a bachelor’s degree in business administration and a master’s degree in business administration from Pennsylvania State University.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by