BondBloxx Investment Management has announced that ETF pioneer Tony Kelly will join its founding team.
The firm writes that as a leader in ETF market structure and product design at Goldman Sachs, BlackRock and Barclays Global Investors, Kelly launched the first and largest fixed income ETFs on the market today and led critical market structure innovations, including as named inventor of a multi-basket ETF structure and a secondary market ETF trading system based on underlying baskets.
“Innovations in the bond market, combined with the increased adoption of fixed income ETFs represents a tremendous opportunity for BondBloxx,” says Kelly. “I have spent my career developing products and processes that enable investors to access unique market exposures, and I’m incredibly excited to do that alongside this team of innovators at BondBloxx.”
Kelly joins an industry-leading team at BondBloxx, including Leland Clemons, Joanna Gallegos, Elya Schwartzman, Mark Miller and Brian O’Donnell.
BondBloxx is the first ETF issuer solely focused on the needs of fixed income investors that will offer precise, indexed exposures to fixed income asset classes.
“BondBloxx has an unparalleled team of industry leaders who are passionate about our mission to improve the efficiency of fixed income markets, providing the reliability and consistency that investors have come to expect from ETFs,” says BondBloxx founder Leland Clemons. “Tony is a trailblazer in the ETF industry. His passion for innovation will help BondBloxx to build and manage products that deliver on this mission for investors.”
Before joining BondBloxx, Kelly served as Global Head of Product and Strategy for the ETF business at the Goldman Sachs Asset Management Prior to Goldman Sachs, he led Product Management and Development at iShares where he was responsible for the launch of over 150 funds and established the business’s ETF Capital Markets group.