Invesco hires BlackRock's Miller to strengthen UK ETF business
Firm aims to be a top-three EMEA player by 2021
Invesco has expanded its UK ETF business with the hire of head of UK insurance for BlackRock's iShares arm Ambrice Miller, as it targets a top-three place in EMEA assets by the end of 2021.
Reporting to head of UK ETF business development Kate Dwyer, Miller will focus on growing the business, which is currently experiencing "record demand", Invesco said.
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Invesco has seen the third highest ETF inflows in EMEA to the end of November and is now the seventh-largest ETF provider in the region with $44.4bn in total AUM as at 29 November, according to Bloomberg.
The most popular Invesco ETF products in 2019 have included the US Treasury Bond 7-10 Year UCITS ETF and its Physical Gold ETC, while Invesco's synthetic S&P 500 UCITS ETF has seen around £2.6bn in net flows - resembling 63% of all net flows to core S&P 500 products - over the period.
Miller, who also formerly worked at Bank of America, is the latest hire within Invesco's UK ETF business, with Hamid Asseffar being appointed earlier this year.
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Dwyer said the latest hire is "an indication of our high aspirations for continued growth and our on-going success".
She added: "We are seeing exceptionally strong demand among our UK institutional clients for our suite of low-cost ETFs, particularly for our fixed income range.
"It is fundamental that we have the right people and capabilities to capitalise on this growing demand."
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