Invesco PowerShares expands European team with portfolio management hire

Acquired ETF provider Source earlier this year

Laura Dew
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Invesco PowerShares has hired Raphael Stern from Deutsche Asset Management
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Invesco PowerShares has hired Raphael Stern from Deutsche Asset Management

Invesco PowerShares has made its first Europe-based portfolio management hire, recruiting Raphael Stern from Deutsche Asset Management, as it looks to further its scale across the continent.

Stern joins as head of portfolio management EMEA and will report to Brian Hartigan, global head of ETF investments. He will be responsible for building a team of portfolio managers to manage a regional...

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