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Global X has also fallen behind its rivals, ranking fifth behind local powerhouse VanEck ($2 billion) in the year to August 30, data shows.
A spokesperson from Global X declined to comment on Zaika’s appointment when contacted by this column.
Zaika will have a job on his hands to put things right, but comes with good experience, having been head of wealth at iShares Australia between 2016 and 2018. Previously, he was VP of investor solutions at Barclays Capital and head of adviser sales (equity derivatives) at Macquarie Bank.
Metcalf will remain at the firm until the end of October, after which Zaika is expected to move into the chief executive role.