Goldman Sachs' European ETF Accelerator Head Leaves

The head of Goldman Sachs Group Inc.'s European ETF Accelerator, Rebecca Anderton-Davies, has departed to take a position at European rival Barclays Bank PLC, marking another high-profile executive shuffle at the big investment bank.

Anderton-Davies, who's departing a little over a year-and-a-half after entering the role, has taken a position as Chief of Staff to Stephen Dainton in his role as President of Barclays Bank PLC and Head of Investment Bank Management, she announced on LinkedIn. She's been with New York-based Goldman for 15 years.

Goldman's ETF Accelerator

Goldman’s ETF Accelerator, which launched in 2022, helps clients launch, list and manage their own ETF products. The platform launched its first and only ETF in Europe to-date during Anderton-Davies’ tenure. The first three U.S. ETFs were launched under the program last October—the Brandes U.S. Small-Mid Cap Value ETF (BSMC), the Brandes U.S. Value ETF (BUSA) and the Brandes International ETF (BINV).

Goldman Sachs, which manages $36.4 billion in 44 ETFs, has shuffled its ETF leadership over the past year as it launches funds and aims to move into the upper echelons among ETF issuers. This summer it installed Byron Lake as chief transformation officer for Goldman’s Client Solutions Group after Lake helped J.P. Morgan develop its ETF business into the sixth-largest in the U.S. 

Lake's hiring followed the February departure of Ryan O'Connor, who ran all aspects of Goldman's ETF product platform, and joined rival ETF firm Global X as chief executive. Goldman's global ETF head Mark Crinieri left earlier this year and the firm's Europe/Middle East/Asia ETF head Peter Thompson recently departed.

Goldman Sach's has established a relatively small European ETF business since arriving in 2019, with a half-dozen funds and around $700 million in assets. 

Goldman Sachs ETF Accelerator did not immediately respond to comment. Anderton-Davies described the firm’s product pipeline as “strong” in an interview with ETF Stream in March.

This article first appeared on etf.com sister publication ETF Stream.