HANetf recruits top industry executive Manooj Mistry

HANetf recruits top industry executive Manooj Mistry

One of the most prominent executives in the European exchange traded fund industry has joined HANetf just as the London-based investment boutique has passed the $2bn milestone for assets under management.

Manooj Mistry, a former head of ETFs and index investing at DWS, the asset management business owned by Deutsche Bank, has taken the job of chief operating officer at HANetf where he will lead product development and oversee regulatory affairs.

Industry veteran Mistry left DWS in October after helping it become the second-largest ETF provider in Europe behind BlackRock. He oversaw the launch of more than 400 exchange traded products while at DWS and helped to develop the first ETF in Europe when working at Merrill Lynch in 2000.

Since then, assets held in European listed ETFs (funds and products) have grown to just under $1.3tn at the end of January, according to ETFGI, a London-based consultancy.

"ETF assets in Europe could triple by the end of the decade if you compare the development of the industry in Europe with the US,“ said Mistry.

These strong growth prospects are drawing interest from a growing number of new players.

HANetf was established in 2017 as a "white-label“ issuer to provide a one-stop-shop for asset managers that