ETF provider Source UK Services has hired former Old Mutual Global Investors (OMGI) head Julian Ide as its new CEO.
Ide will assume his new role in mid-April 2016, replacing Peter Thompson.
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Ide, who worked as CEO at OMGI since 2011, left the firm in August 2015 in a senior management restructure that saw fund manager Richard Buxton take over his role at the asset manager.
He has over 25 years’ financial services experience and held senior roles with BBVA Asset Management, Credit Suisse Asset Management, ABN AMRO Asset Management and Schroder Investment Management.
Source executive chairman Lee Kranefuss said: "He has an unparalleled reputation and track record in building and running asset management businesses and delivering exceptional products for clients.
"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."
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By GlobalDataIn January 2016, Source has hired six new country heads across Europe as well as recruited a team of five to service the UK advisory market in September 2015.
