Ide takes over from Source president Peter Thompson who had taken on the role of acting chief executive following the departure in March 2015 of Ted Hood.
While the ETF provider has been without a permanent chief executive since Hood’s departure, it has not stopped the firm’s expansion plans. In February, Source announced 17 promotions across Europe, while in January it appointed six new country heads as part of a strategy “to meet the needs of different investor groups within each of its key markets”.
The appointments follow from September’s decision to hire a five-strong team to service the UK financial advisory market.
Ide joins the firm in mid-April from Old Mutual Global Investors, where he was chief executive between 2011 and until August 2015 when a shakeup saw a new investment division of Old Mutual Wealth created.
ETF strength
Lee Kranefuss, Source’s executive chairman said Ide’s appointment is a clear reflection of the significant impact ETFs are making across retail, wholesale and institutional markets.
“Source believes it has one of the most experienced teams in the ETF industry globally, and someone of Julian’s calibre and skills will complement and extend this to new heights,” he added.
