iShares, the exchange-traded funds platform of BlackRock, appointed Tom Fekete as head of product development in Europe, the Middle East and Africa (EMEA) effective immediately and substituting Axel Lomholt who left the firm last January.
Based in London, Fekete will report to Joe Linhares, head of iShares EMEA, who commented: “Tom brings with him considerable industry knowledge and skill, paired with vast experience delivering solutions to a diverse range of clients. He joins the firm at a time when the exchange traded products industry, and the adoption of these products, is growing significantly in Europe with users including IFAs, insurance companies and pension funds. Developing and creating high quality, innovative products is key to supporting this growth.”
Fekete, a Harvard graduate, joins from Barclays Wealth where he was EMEA head of investment products and global head of FX advisory, a role he held from 2009 onwards. Fekete previously headed the structured solutions team at UBS preceding his promotion to lead the products and services distribution arm of the Swiss bank.