Exchange traded fund provider Source has appointed six new country heads across Europe as it aims to meet the needs of different investor groups within each of its key markets.
Source’s European coverage team has grown dramatically and now totals nearly 30 individuals, representing a third of the firm’s total employees
The new organisational structure involves creating teams focused on specific countries and different investor groups within each market. This framework will enable Source to grow closer to its investor base and provides a firm foundation for the company to increase its presence on the European continent, which was announced in 2015 by Chairman Lee Kranefuss.
Peter Thompson, President of Source, says: “Last year, Source launched its largest-ever advertising campaign, focussed on raising investors’ awareness, especially in the UK. The new country head structure will enable us to grow even closer to our investors in key markets and, in so doing, better understand their needs and respond to them more effectively.”
In addition to the new country heads, Source has also established two important new functions to complement and leverage the expertise within the coverage team. Stefan Garcia, Managing Director, becomes the Head of Market Development, while Ludovic Djebali, Managing Director, takes on responsibility for Key Account Management across Europe as well as heading the Frabelux region.
Peter Thompson added: “The ETF market in Europe is changing at pace, with whole new segments of investors waking up to the benefits of ETFs. We will continue to invest as these markets grow and provide the outstanding service that their investors require and expect.”
The individuals below will assume responsibility in their respective countries, while Stefan Garcia will have the responsibility for all other areas of EMEA coverage that Source maintains, including Israel, Iberia, MENA, Scandinavia and The Netherlands:
• David Lake, Managing Director, Head of United Kingdom
• Marco Mautone, Managing Director, Head of Switzerland
• Sascha Specketer, Executive Director, Head of Germany & Austria
• Ludovic Djebali, Managing Director, Head of Frabelux
• Stefano Caleffi, Executive Director, Head of Italy
• Sjef Pieters, Executive Director, Head of Scandinavia & The Netherlands
“As our business continues to grow, we recognise the fundamental need and value of being closer to our investors. The new team structure will provide that not only from a geographic coverage and location perspective but also as it relates to different investor segments. We’ve been delighted with the response and impact the opening of our Zurich office had last year, and we hope to build on that successful model,” says Thompson.
