State Street Global Advisors has hired Nadav David as head of Israel ETF business from Invesco.
In his new role, David will be responsible for business development in the country.
At Invesco, he spent two years as in the Israel business development team as head of lead generation.
He joined the US giant following the acquisition of Source in April 2017, a move which added $25bn assets to the firm.
David spent four years at Source between 2013 and 2017 in the Israel ETF sales team where he started his career.
Last year, Israel converted $30bn of exchange-traded notes (ETNs) into ETFs in an attempt to increase the market share of passive funds, an unprecedented move in the ETP marketplace.