DWS has promoted Ferat Öztürk to head of passive sales digital distribution for EMEA as the firm looks to capture the sharp uptake in ETF savings plans across Europe.
In his new role, Öztürk (pictured) will be responsible for the distribution of the firm’s ETF range through digital channels across Europe.
Prior to this, he was only responsible for digital distribution in Germany, a role he has held for two years since July 2020.
Öztürk joined the firm’s ETF sales team in 2017 from VanEck where he spent six years in the ETF business development team.
The promotion comes amid increasing demand for ETFs via digital channels such as online brokers, robo-advisers and fund platforms.
In Germany, the number of ETF savings plans has tripled to 4.9 million since the start of 2019, according to data from BlackRock and extraETF, with forecasts this figure could reach 20 million by 2026.
Demand since the coronavirus outbreak in 2020 has developed rapidly with retail investors rushing to online platforms such as Scalable Capital and Trade Republic that offer portfolios based on low-cost building blocks.
DWS said it has concluded partnerships in Germany after signing agreements with 12 digital platforms.
The German asset manager now expects demand for ETFs via digital platforms to grow throughout Europe.
Öztürk said: “Investors appreciate being able to invest in ETFs quickly and efficiently via smartphone, tablet or PC while, at the same time, receiving all the relevant information for making investment decisions.
“This is a Europe-wide trend and DWS is very well positioned here.”