Deutsche takes Shellard from BGI for ETFs

Deutsche Bank has appointed Nick Shellard as UK head of exchange-traded funds (ETF) sales. Shellard joins from Barclays Global Investors, where he was head of iShares ETF sales for the UK and Switzerland.

The combination of the Retail Distribution Review instituted in the UK by the Financial Services Authority and the demand from institutional investors for the low-cost, flexiblity and liquidity of ETFs was influential in adding Shellard to Deutsche's team, says Tim Hart, co-head of equity sales

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