ETFS Management (AUS) Limited is a wholly owned subsidiary of ETFS Capital Limited, the new name for ETF Securities Limited. At the time of the sale of its European and US ETF businesses in April 2018, the company had over A$27 billion of assets and was known for pioneering the exchange traded commodity sector, having launched the world’s first gold ETF in Australia in 2003. Mr Tuckwell and other key executives from the former ETF businesses have stayed with ETFS Capital, which holds more than US$600m in proceeds from the recent divestitures. Those proceeds will be gradually invested in the ETF eco-space which means the company is now the world's largest "private equity" firm devoted solely to investing in companies and start-ups operating in the ETF eco-sphere.