(Bloomberg) -- Goldman Sachs, which is looking to issue ETFs this year, hired BlackRock veteran Tony Kelly as head of product development for that unit.

Kelly, who spent 15 years working in the iShares ETF business at Barclays and BlackRock, will join Goldman Sachs as a managing director, according to an internal memo sent Friday, a copy of which was obtained by Bloomberg News. He’ll report to Michael Crinieri, who moved from the New York-based bank’s trading division last year to lead the ETF effort.

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