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Vanguard Hires Former UBS Head of ETFs Europe

Harry Keir Hughes

5 July 2017

US-headquartered investment firm  has appointed Thomas Merz as head of European distribution, in a bid to expand the firm’s presence in both new and established markets in continental Europe.
 
In his last role, Merz was head of exchange-traded funds Europe at UBS Asset Management, Vanguard said in a statement.
 
In this newly-created role, Merz will join Vanguard’s European leadership team. He will work out of the Zurich office and report to Sean Hagerty, head of Europe at Vanguard.
 
“We’re delighted to have Thomas join the team. His experience, knowledge, and record of success in the ETF industry will be of great benefit as we continue to expand our high-value, low-cost proposition across Europe,” said Hagerty.
 
Vanguard manages $4.4 trillion on behalf of more than 20 million investors worldwide, and its European operations currently have over $140 billion in assets under management.