Lyxor ETF hires head of UK sales

Handshake_1Paris-based asset management firm Lyxor has hired David Lake as head of ETF Sales for UK and Ireland.

In his new role Lake will lead Lyxor’s distribution efforts and build its sales team. Based in Lyxor’s London office he will report to Matthieu Mouly, Lyxor Asset Management UK chief executive.

Lake joins from London-based investment firm Source where he was head of sales for UK and Ireland, in charge of coverage across retail, private wealth and institutional investors. He was previously head of UK sales for investor products and equity derivatives at RBS.

The move follows the recent appointment of UK distribution head Chanchal Samadder as head of equity ETFs. After overseeing UK business development for four years, Chanchal will take charge of the management and development of Lyxor’s equity ETF range – which has more than €45 billion invested in 160 funds.

Mouly said: “ETFs are experiencing exponential growth in the UK and Ireland. David brings a wealth of knowledge and experience to a key role within Lyxor, building both new and old relationship.”

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