Invesco expands UK ETF coverage – London Business News

Invesco has further expanded its London-based ETF team with the appointment of Tom Banks to the business development team, primarily responsible for distributing the firm’s ETF range in the UK wealth market. He will report to Kate Dwyer, Head of UK ETF Coverage for Invesco EMEA.

Prior to joining Invesco, Tom worked in UK ETF sales at HSBC Asset Management. He also worked for six years at JP Morgan Asset Management, most recently in UK ETF sales. Tom earned a Masters in Aerospace Engineering from the University of Southampton and completed the ESG Investment Certificate, IMC and CFA Level 1 qualifications.

Tom’s appointment follows that of Stephanie Boukhalil who joined Invesco’s ETF distribution team in the UK in mid-2021 to support the growth of the family office market. Stephanie has brought extensive fixed income experience to the team through various sell-side sales roles at companies such as JP Morgan and Societe Generale.

The UK wealth management sector, including family offices and private banks, was a major driver of ETF flows for Invesco in 2021 as these institutions continued to allocate to ETFs and other traded products in stock exchange.

Invesco saw strong ETF inflows into the EMEA market in fiscal 2021, with $10.8 billion in net new assets and total EMEA assets under management of $67.5 billion at the end of the year, a 36.4% increase in assets under management and the largest among major issuers.*

Strong inflows were seen in major S&P 500 products, MSCI USA ESG Universal Screened and MSCI USA, among others, with its Invesco Physical Gold ETC becoming the largest gold ETP in the EMEA market at $14.3 billion. With the recent launch of a suite of ETFs meeting objectives aligned with the United Nations-backed Paris Agreement on climate change, Invesco now has a total of 21 ESG ETFs.

Kate Dwyer, Head of UK ETF Coverage at Invesco EMEA, said: “We are delighted to have someone of Tom’s caliber joining our growing team and helping to meet the UK wealth sector’s demand for our range of ETFs. We have seen strong growth across all asset classes and product types and expect increased demand as the underlying strengths of our low-cost ETFs and exchange-traded products have continued to attract more investors.

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