iShares, BlackRock’s exchange-traded funds (ETF) arm, has appointed Tom Fekete as head of product development as part of its bid to expand its market share.
Fekete joins from Barclays Wealth, where he was the Europe, Middle East and Africa (EMEA) head of investment products and global head of foreign exchange advisory. He held the position for four years.
Previously, Fekete also headed the structured solutions team at UBS, preceding his promotion to lead the products and services distribution arm of the Swiss bank.
In his new role, Fekete will be responsible for driving the expansion of iShares’ innovative EMEA product range.
Based in London, he will report to head of iShares EMEA, Joe Linhares, who said that Fekete brings with him 'considerable industry knowledge and skill', along with vast experience delivering solutions to a diverse range of clients.