WisdomTree has strengthened its ETF sales team in Iberia with the appointment of Carlos de Andrés as director of sales for the region.
Reporting to Adrià Beso, head of Iberia distribution at WisdomTree, Andrés, who joins from Allfunds Investment Solutions, will be responsible for supporting the firm’s sales and business development plans across Spain and Andorra.
Based in Madrid, he will look to develop new relationships within the region, distributing ETFs and exchange-traded products (ETPs) with a focus on intermediaries and institutions.
Andrés has over 15 years of industry experience including eight months spent at All Funds Investment Solutions as head of business development.
Prior to this, he spent five years at DWS covering private banking and institutional clients in Spain and has also held roles at Deutsche Bank and Caixa Bank.
Alongside this, Andrés is also a professor at the IE Business School in Madrid.
Alexis Marinof, head of WisdomTree Europe, said: “Carlos’s wealth of experience will allow us to cover more ground, build new relationships and ensure we continue delivering value-added service and solutions to clients across the region.”
Adria Beso, head of Iberia distribution added: “He has a strong network of contacts across the region and brings vast experience distributing investment products across intermediary and institutional client segments.
“Carlos is a high calibre salesperson, and I am delighted that he has joined our team. Carlos’ appointment highlights our commitment and growth ambitions in the region.”
Last month, a BlackRock survey said Iberia is expected to see the fastest growth of new ETF investors across all countries, with over one million set to start investing in ETFs.
However, the region is starting from a low base, with the fewest ETF investors in Europe with Spanish-listed ETFs currently taxed on capital gains while mutual funds are not under the Traspasos regime.