US asset manager State Street’s ETF arm – SPDR ETF – has appointed three new product developers to its team in EMEA.
The new hires are Simon Hutcheson, Luca Zanoni and Antoine Boulet.
It comes at a time when exchange traded funds (ETFs) sales have been soaring. Luxembourg-domiciled ETF units increased by 30% last year and ETF assets under management by 56%, according to the Association of the Luxembourg Fund Industry (ALFI).
Boulet joins SPDR from Invesco and is responsible for both existing and new ETP product management and development across EMEA.
Zanoni also joins SPDR from Invesco, specialising in fixed income product development and management across EMEA.
Hutcheson joins from Citigroup where was responsible for the origination of fund structuring solutions across Citi’s global markets product groups, asset classes and client segments.
This month also saw French asset manager Amundi hire Ashley Fagan from Blackrock to become its head of ETF, indexing and smart beta development for the UK and Ireland.