Woodford Investment Management’s former head of sales Simon Dale has re-emerged at HanETF which is looking to expand its active ETF offering.
Dale has been appointed head of sales at the independent ETP provider and will be responsible for implementing the company sales strategy across Europe, while also focusing on growing its active ETF offering. He will also join HanETF’s executive team.
HanETF co-CEO Hector McNeil said that Dale’s “unparalleled knowledge of active fund sales” is a “huge growth opportunity” for the company which has several active ETFs in the immediate pipeline. HanETF expects active ETFs to make up at least 20% of its offering over time.
Dale has over 30 years’ distribution experience, having held senior sales roles at Invesco and Matthews Asia. In 2014 he followed fellow Invesco alum Neil Woodford to Woodford IM where he served as head of sales and a director on the board until the boutique’s collapse in late 2019.
Over the last 10 months he has worked as a self-employed sales consultant, according to his Linkedin profile.
While Dale seems to have parted ways with Woodford, other ex-Woodford IM staffers have hopped on board his latest venture WCM Partners. Last month the company sent a document to prospective institutional investors, detailing an eight-stock biotech portfolio listed at an address in the Cayman Islands.
HanETF makes further hires
In addition to Dale, HanETF has also hired Liam Wyatt as a content manager and investment writer as well as Ramon Williams as an operations analyst.
Wyatt joins from MitonOptimal where he was marketing and operations manager, while Williams hails from Fulcrum Asset Management where he was team lead and operations associate.
Earlier this year HanETF appointed former DWS Investments CEO Manooj Mistry as Chief Operating Officer.
HanETF’s assets under management have doubled since the start of the year from $1.1bn (£806m) to $2.5bn (£1.8bn), during which time it has launched two new exchange traded cryptocurrency ETPs, tracking Ethereum and Litecoin, and a global online retail ETF.
Last year it launched the world’s first carbon avoidance solutions ETF, a gold ETC, an exchange traded Bitcoin ETP and various modern thematic ETFs such as a medical cannabis ETF and Europe’s first 5G and digital infrastructure ETF.