Jonathan Shead

speaker

96 appearances 1 recordings 1 series first heard Jul 2026 last heard 6 Jul

Jonathan Shead’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Yeah, look, it was a very different world, Sean.

To be fair, the Australian ETF wasn't the first one.

Of course, we had listed SPY, the first US listed ETF, probably, I don't know, seven or eight years prior.

But it was a completely different world.

I mean, you know, Taylor Swift was, I don't know, 10 or 11 years old.

People didn't Google things.

They used Yahoo and AltaVista and managed funds back then just weren't suitable for the exchange.

And so in order to develop it, it wasn't like a fresh paint job on an existing product.

It was more like a kind of a full scale gut the building renovation.

You know, we had to rewrite the constitution completely.

I'm sure the riders of the castle would have been proud.

The tax side of it, funds were taxed completely differently back in the day.

We had to kind of rethink the whole process to tax.

The ASICs listing rules were completely different.

You know, the Aqua platform exists now for those kind of products, but back then...

We had disclosure rules that were really geared for, I don't know, CBA and BHP and Telstra and so on that we had to abide by.

And then there was regulatory stuff we had to do as well.

So it was really a rebuild from the ground up.

And how did you do it then?

There was a lot of iterations.

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