Exchange Traded Fund (ETF) provider Source UK has hired Julian Ide as CEO.
The appointment comes after a record year for Source; assets under management increased by 26 percent in 2015. The company is now planning on expanding its product range to capitalise on the effect ATFs are having on the asset management industry.
Ide has 25 years of financial services experience, most recently as CEO of Old Mutual Global Investors, a position he held between 2011 and August 2015.
He has also held senior roles at BBVA Asset Management, Credit Suisse Asset Management and ABN AMRO Asset Management. He will join Source in mid-April.
Lee Kranefuss, executive chairman at Source, said: “Source believes it has one of the most experienced teams in the ETF industry globally, and someone of Julian Ide’s calibre and skills will complement and extend this to new heights.”
“His appointment is a clear reflection of the significant impact ETFs are making across retail, wholesale and institutional markets and of Source’s ambitions to be the leading, most innovative provider of traditional and actively managed ETFs in our chosen markets.”
Ide said: “Source is positioned at the forefront of the global asset management industry and has a clear aim to be the leading independent ETF provider focused on delivering outstanding products and value to clients.”
“Our aspirations are being driven and supported by a unique set of shareholders bringing unrivalled expertise, support and resources to the firm. I’m delighted to be joining Source at this pivotal moment in the industry.”
Ide’s appointment follows a number of new hires at Source. In February, the firm announced 17 promotions across Europe, and January saw the hire of six new country heads in Europe.
According to Source, the expansion is part of a strategy to meet the needs of different investor groups within key markets.
