Invesco PowerShares has appointed Michael Huber as Business Development Director – Germany and Austria.
Huber’s appointment is part of the ongoing programme from Invesco Powershares, a provider of Intelligent ETFs, with a long track record in delivering Smart Beta products, to expand its team within key markets in Europe.
In this newly created role, Huber will be responsible for driving business development in Germany and Austria, both key expansion markets for Invesco PowerShares.
Previously, he covered institutional clients for Luxembourg based asset manager Assenagon SA, focusing on risk adjusted strategies. He also held a role at Goldman Sachs Group, working in its private wealth management division and holds a masters degree in finance and information management from Technical University of Munich.
Bryon Lake, Head of Invesco PowerShares – EMEA, says: “We have been focusing on significantly boosting our team as the ETF market in Europe grows rapidly, and Michael is our next significant hire. It is important for us to work closely with new and existing investors to provide education around our smart beta range. Michael’s role will provide an essential link to investors in Germany and Austria, and his appointment reinforces our commitment to these key markets.”
Invesco PowerShares was the first-to-market with Smart Beta ETFs. Since 2003 in the US and 2007 in Europe, Invesco PowerShares has been offering a selection of ETFs that track “next generation” indices, indices that go beyond merely tracking a particular cap weighted market. It offers an effective alternative to traditional market-capitalisation-weighted indexing. These indices attempt to outperform a particular market through intelligent security selection and weighting.