Manooj Mistry, global head of ETFs and index investing at DWS, has left after 14 years with the German asset manager, ETF Stream can reveal.

DWS’s global head for systematic investment solutions Fiona Bassett will succeed Mistry as global head of ETFs and index investing.

In an internal announcement, DWS said: “Manooj played a key leadership role in transitioning our ETF platform to operating as part of an independent DWS, and prior to this led an equally important transition when we took the bold step of switching from being a mainly swap-based ETF provider to one focused on providing high quality physical replication products.

“Furthermore, Manooj’s strategic guidance and leadership has played a significant part in making DWS Xtrackers the second largest provider of ETFs in Europe by assets under management, while placing us firmly on the map as a provider of passive mandates.”

Mistry (pictured) is a pioneer of the European ETF industry having helped launch Europe’s first ETFs at Merrill Lynch on the Deutsche Boerse on 11 April 2000.

He worked at Merrill Lynch for seven years between 1999 and 2006 before joining DWS.

At DWS, he was part of the team responsible for the creation and launch of the asset manager’s db x-trackers ETF range in 2007.

In 2017, he oversaw the rebrand of the firm’s ETF range to Xtrackers.

Prior to Merrill Lynch, Mistry worked in product development at Johnson Fry which is now part of Legg Mason.