Goldman Sachs will offer white-labelling services to European institutional clients as part of its new ETF Accelerator service, ETF Stream can reveal.
The new service will enable clients “to quickly and efficiently launch, list and manage their ETFs”, including “portfolio implementation and capital markets solutions”, the firm said.
The first ETFs are expected to arrive on the platform in 2023, with Goldman Sachs spokesperson telling ETF Stream the service will also be available to clients in Europe.
Furthermore, the platform will not set the parameters of clients’ ETFs on their behalf but will have a focus on active managers, the Wall Street Journal reported.
Lisa Mantil will lead the white-label platform as global head of Goldman Sachs ETF Accelerator after spending almost 25 years across five different trading arms at the firm.
Mantil said: “Many of our clients have told us they believe the next wave of growth is in active ETFs. They want to be part of that growth but do not have the expertise or infrastructure to do so.
“We are delivering a digital solution that allows us to partner with our clients on that journey.”
Goldman Sachs’ entry will mark the first institutional-scale firm to enter European ETF white-labelling and adds to an already rapid expansion of the sector this year.
HANetf previously offered the only white-label service for potential ETF issuers, however, Leverage Shares, Iconic Funds, Waystone and Axxion have all entered the space in the four-month period to October.
Last week, US firm Tidal Financial Group also toldETF Stream it is “not ruling out white-labelling in Europe”.