Lyxor Asset Management has appointed David Lake as CEO of its UK arm following former CEO departure.
Lake succeeds Matthieu Mouly, who has returned to Paris to continue his role as global head of Sales for Lyxor ETF.
In his new role as CEO for Lyxor UK, he will report to Nathanael Benzaken, Lyxor’s Chief Client Officer, and locally to Sadia Ricke, UK Chief Country Officer.
Lake, whose appointment is still subject to regulatory approval, will also retain his role as head of ETF Sales for UK & Ireland and in this capacity, will continue to work closely with Matthieu Mouly.
Lake brings 15-year track record of sales and business development working for the UK banking and asset management industries. “His wealth of experience will benefit Lyxor as it seeks to amplify the positive momentum it has enjoyed in the UK in 2018, with strong asset gathering both for its new low-cost core ETF range and its alternative UCITS platform,” the firm says.
Lionel Paquin, CEO of Lyxor Asset Management, comments:”The UK is a key market for Lyxor. Over the past few years, we have been adding resources to strengthen our set-up there and have been adapting our products and services offering to the needs of UK investors. I believe this puts Lyxor in a strong position to continue growing in the UK and I am confident David will be instrumental in helping achieve this ambition.”