The British-Asian lender nabbed a long-standing Deutsche Banker as its head of exchange-traded fund sales in German-speaking Europe.
HSBC is hiring Philip Knueppel as its head of ETF sales for Germany, Switzerland, and Austria, effective immediately, it said in a statement. In the new role, Knueppel will be responsible for expanding HSBC's platform and sales of ETFs. He will be based in Frankfurt and report to Olga De Tapia, the bank's overall head of the products.
Knueppel spent the last ten years at Deutsche Bank, where he was most recently a key account head in the German lender's DWS fund arm for its wealth management unit. Previously, he worked as a product manager for structured products at ABN Amro in Zurich and Frankfurt.
HSBC, which recently also nabbed Marc Hall off Vanguard to oversee ETF sales in Switzerland, is expanding its distribution of the products. The bank said it will add more to its sales team later this year.
