Lyxor Asset Management’s Simon Klein is the latest member of the firm’s exchange traded funds (ETF) team to exit, following the departure of Nizam Hamid last week.
Klein, who was head of ETFs for Europe, was recently promoted to global head of business development ETF and Indexing, in the firm’s newly-formed indexing unit.
His shock exit from the firm comes shortly after Hamid, who was head of ETF strategy and deputy head of ETFs Europe, left Lyxor.
Klein and Hamid joined the firm in January 2011 and November 2010 respectively.
Klein joined from Deutsche Bank in Frankfurt where he was head of ETF and ETC sales for Continental Europe.
At the same time, the firm has appointed Arnaud Llinas as global head of Lyxor ETFs and Indexing, effective from the start of next year.
Based in Paris, Llinas will report to CEO Inès de Dinechin and will be a member of the Lyxor Executive Committee.
He joined Societe Generale Corporate and Investment Banking in 2004 and has held various management responsibilities within the global markets division, including an instrumental role in the development of the SG Index platform.
Since 2008, he has headed the listed products trading team covering structuring and market making for ETFs among other duties.