Invesco PowerShares, the world’s fourth-largest ETF provider, has hired Raphael Stern as Head of Portfolio Management EMEA. The hire reflects PowerShares’ commitment to growing its market share in the UK and continental Europe in the wake of its recent acquisition of ETF provider Source.
Based in London and reporting to Brian Hartigan, Global Head of ETF Investments, he will be responsible for building a team of local portfolio managers to manage the regional range of ETFs.
Raphael has 10 years of relevant industry experience. Most recently, he worked at Deutsche Bank Asset Management in London as a senior ETF portfolio manager. The first member of the ETF fixed income team, he helped build the Xtrackers range of physical ETFs to over 30 products in two years. Prior to this, he spent five years as a trader and portfolio manager at Vanguard on the fixed income index desk in London. Previous experience includes analyst roles at Goldman Sachs and Lehman Brothers.
A CFA charter holder, Raphael has an MBA from the Goizueta Business School at Emory University in Atlanta and a BA in International Finance and Marketing from the University of Miami.
Following the acquisition in mid-August of Source, Invesco PowerShares currently offers around 90 ETFs in Europe and has $29 billion in assets under management ($162 billion globally)1. The firm offers European investors a comprehensive range of ETFs, from low-cost funds such as the Source S&P 500 UCITS ETF with an ongoing charge of 0.05% per year, to a suite of innovative Smart Beta products as well as sector-specific and thematic ETFs.
Brian Hartigan, Global Head of ETF Investments, Invesco PowerShares, said, “Raphael has extensive experience of the ETF sector and his hire reflects our ambitions in the competitive European market.”
Raphael Stern said, “I’m delighted to be joining Invesco PowerShares as the firm looks to significantly increase its presence in Europe. It is a global leader across the full ETF product range, and is looking to capitalise on this momentum at a time when ETF demand in Europe is escalating.”
Source: Invesco
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The fund will focus on the small and mid-market.
-
PME's equity portfolio will be managed by two asset managers instead of three.
-
J.P. Morgan and State Street have launched tokenized funds.
-
The commercial paper deal is one of the earliest debt issuances on a public blockchain.
-
This includes modernizing e-delivery rules and expanding pathways to qualify as accredited investors.