Exchange traded fund (ETF) provider Source has appointed Julian Ide (pictured) as the new Chief Executive Officer of London-based Source UK Services Ltd. Ide joins Source in mid-April following a record 2015, in which assets under management grew 26 per cent.
Source is currently expanding its product range to capitalise on the significant impact ETFs are making in the asset management market.
Ide says: “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.”
Julian has over 25 years' financial services experience. He was most recently CEO at 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, ABN AMRO Asset Management and Schroder Investment Management.
Lee Kranefuss, Executive Chairman at Source, says: “We are truly delighted to welcome Julian to the team at Source. He has an unparalleled reputation and track record in building and running asset management businesses and delivering exceptional products for clients.
“Source believes it has one of the most experienced teams in the ETF industry globally, and someone of Julian’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.”
The appointment builds on a number of recent new hires and promotions at Source. In February it announced 17 promotions across Europe in recognition of strong growth; in January, it announced the appointment of six new country heads across Europe as part of a strategy to meet the needs of different investor groups within each of its key markets. In September last year, it appointed a five-strong team to service the UK financial advisory market in response to growing demand for ETFs among UK financial advisers.
Source UK Services Limited is the sponsor and distributor of Source’s European offerings and is authorised and regulated by the Financial Conduct Authority in the UK.