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Capital Group hires BlackRock executive to launch ETF unit
Holly Framsted will join Capital Group in March in the new position of head of ETFs.
She will lead the development and launch of Capital Group s first ETFs, spokeswoman Hannah Coan confirmed Thursday.
Ms. Framsted will be based in Capital Group s Los Angeles headquarters.
Capital Group plans to introduce a suite of actively managed equity and fixed-income ETFs early in 2022. The specific ETF strategies Capital Group plans to introduce have not been announced, a company news release said.
Ms. Coan said more investment professionals likely will be hired to build out the company s new ETF unit, but the head count has not been set.