Invesco has added to its London-based ETF Business Development team with the appointment of Ambrice Miller, who reports to Kate Dwyer, Head of UK ETF Business Development, and will focus on growing Invesco’s ETF business with a broad range of clients.
Miller joins Invesco from Blackrock, where she was Head of UK Insurance for iShares. She has previously also worked for Bank of America. Ambrice holds a Bachelor of Arts degree in political science and has an Investment Management Certificate (IMC).
The new hire comes at a time when Invesco has seen record demand for its suite of ETFs across 2019, ranking third in terms of overall AUM inflows in the EMEA region to the end of November. The firm has become the seventh-largest ETF provider in the EMEA region with USD44.4 billion in total ETF assets, as at 29 November, with a target to become a top three firm by the end of 2021.
Products that have seen the most demand in 2019 include the Invesco US Treasury Bond 7-10 Year UCITS ETF and the Invesco Physical Gold ETC. Invesco’s synthetic S&P 500 UCITS ETF, has seen around USD2.6 billion in net flows, capturing 63 per cent of net flows into core S&P 500 products in 2019 YTD, as at 29 November.
Invesco has also continued to invest in and grow its London-based ETF team throughout 2019. At the start of the year, it hired Hamid Asseffar to cater for fast-growing client demand particularly among family offices and multi-asset managers.
Kate Dwyer, Head of UK ETF Business Development at Invesco, says: “We’re delighted to welcome Ambrice to the ETF team, an indication of our high aspirations for continued growth and our on-going success. We are seeing exceptionally strong demand among our UK institutional clients for our suite of low-cost ETFs, particularly for our fixed income range. It is fundamental that we have the right people and capabilities to capitalise on this growing demand.”