As Managing Director on the ETF Servicing team, Tim brings extensive product and distribution experience to BBH from a variety of asset management roles across U.S. and international markets. Before joining BBH in 2023, Tim spent over 20 years at Vanguard, predominantly in leadership roles within ETF Product and Sales development and distribution for platforms in the U.S., Canadian, Latin American, and European markets. He served as Vanguard’s Head of Product for the Americas, leading regional product teams, before becoming the Head of Distribution for Vanguard Investments Canada.
Six managers have applied to use ETFs as share class of mutual funds but regulatory approval seems a long way off
The benefits are certainly of interest to asset managers, but the SEC, I think, will take a very cautious approach in terms of approval.