HANetf, the issuer of ‘white label’ exchange-traded funds, has announced three new appointments as its assets under management last month passed US$2.5bn from US$1.1bn at the start of the year.

Simon Dale, previously of Woodford Investment Management, Matthews Asia and Invesco, has joined the company as head of sales and will become a member of the firm’s executive team.

He will focus on helping HANetf grow its active ETF offering and further automating the sales process, the company said.

The marketing and analyst teams have also been bolstered by new appointments in the past week.

In February, Manooj Mistry was appointed as chief operating officer.

Co-chief executive officer Hector McNeil said with 14 ETFs currently on the market and a pipeline of 15 ETF launches planned for later this year, the three new hires “bring a huge amount of experience, which we will use to further enhance our distribution and product strategy and growth”.

“With nearly 30 years of experience, Simon brings an unparalleled knowledge of active fund sales which we see as a huge growth opportunity for HANetf and the European ETF industry more generally.

“We have several active ETFs in the immediate pipeline and expect it to be at least 20% of our offering over time.”

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