Lyxor ETF has appointed Marcello Chelli to the newly-created role of European head of distribution and retail.
Lyxor ETF, the ETF brand of French bank Société Générale, said there is a growing appetite for the fund type from European individual investors.
“We know retail investors will be one of the key forces behind the continued growth of the ETF market in Europe in the coming years,” said Matthieu Mouly, chief client officer at the ETF provider.
Prior to this appointment, Chelli, who will be based in Milan, spent 13 years in charge of Lyxor ETF sales in Italy.
The firm has stated that it intends to “significantly increase” its presence in the European ETF space, particularly through its expansion in Germany following the planned acquisition of Commerzbank’s Comstage ETF range.
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