Genoni has worked on ETF product management for Malvern, led ETF product management in Vanguard from 2006 to 2011, and took over global ETF product management in 2013.
Clark covered the trading side of the ETF business and took over Vanguard’s capital markets desk in 2012, helping large investors on ETF trade executions.
Legg Mason has already received regulatory approval for actively managed ETFs back in 2012 but has refrained from launching any active ETF strategies.
More large mutual fund providers are looking at the ETF space. For instance, the SEC has already approved, or said it will approve, 19 applications for index-based or active ETFs this year, including American Funds, Goldman Sachs Group and Janus Capital Group.
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.