Fidelity International has appointed Tim Breitbach as head of ETF distribution for Germany, Austria and Switzerland from Amundi.

Based in Kronberg, Germany, Breitbach will be responsible for growing the group’s ETF business in the DACH region, working closely with local sales teams.

In the newly-created role, he will report to Stefan Kuhn, head of ETF sales in Europe who joined Fidelity in March having spent three years at State Street Global Advisors.

Breitbach joins from Amundi, formerly Lyxor, where he spent over two years as head of international sales for clients in Austria, Germany and Eastern Europe.

He also spent three years in institutional ETF sales at Société Générale.

Prior to this, he worked in institutional sales for equity derivatives and ETFs at Commerzbank.

Commenting, Kuhn said: “Fidelity has been in the ETF market since 2017 and now has a strong offering of 17 active ETFs. Away from our products, the appointment of Tim Breitbach underlines our ambitions to grow the team and personnel too.

“I am confident this his industry expertise and cross-country client networks will make a significant contribution to achieving our ambitious growth targets.”

In September, Fidelity launched a five-strong thematic range tracking clean energy, electric vehicles, the metaverse, digital health and cloud computing.

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