Barclays Global Investors Canada Ltd. today announced a changing of the guard at its operations, along with a new role for Gerry Rocchi, current CEO of Barclays Canada.

Rajiv Silgardo, chief investment officer of Barclays Canada, has been named to succeed Rocchi as head of the firm. Silgardo will retain his CIO responsibilities, and have overall responsibility for Barclays Canada operations.

Silgardo has been with Barclays Canada for nine years, and has extensive industry and client experience, and was selected as the natural successor to Rocchi. He will report to Blake Grossman, Global Co-CEO of Barclays Global Investors.

Rocchi has accepted a new role spearheading key strategic expansion initiatives for BGI’s exchange-traded funds (ETFs) throughout the Americas, which will include Canada, the U.S. and Latin America. In addition, he will continue to be responsible for the iUnits funds in Canada, as well as for the BARCLAYSfunds family in Canada.

Under Rocchi’s tenure as CEO, overall assets under management at Barclays Canada have grown from $8 billion to $48 billion, driven by growth in index strategies and the development of a broad series of actively-managed funds. Barclays Canada now ranks in the Benefits Canada survey as the second largest manager of pension assets in the country.