ETF provider Source has scooped Matt Johnson as head of Europe, the Middle East and Africa coverage, in order to build the firm's sales infrastructure across the regions.
Johnson joins from Nomura, where he was managing director and head of Emea equity flow derivative sales. Prior to joining the firm in 2014, he was global head of distribution at ETF Securities.
Reporting to CEO Julian Ide, Johnson will be based in Source’s London office. Ide, formerly chief executive at Old Mutual Global Investors, joined Source in March this year following the departure of founder and CEO Ted Hood last year.
Elsewhere, Peter Thompson, president of Source and one of the firm's founders, will take on new responsibilities for expanding and managing the firm's strategic partnerships and alliances. Since launch in 2009, Source has built alliances with investment firms such as Pimco, Man GLG, LGIM, Ashmore and Goldman Sachs.
Source manages assets of $19 billion (€16.8 billion). The firm is Europe’s fourth largest ETF provider by assets under management, after iShares, db X-trackers and Lyxor. At the end of last year, it displaced UBS’ ETF division into fifth place.
In January, the ETF provider appointed six country heads and established two new senior positions in a drive to increase its presence in Europe.
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