Tabula Investment Management has hired former Source co-head of EMEA Stefan Garcia as managing director.

In his new role, Garcia will be responsible for driving the fixed income ETF issuer’s continued growth in Europe.

He joins from City Financial where he was head of global distribution and investor relations between 2016 and 2018.

He started his career in the ETF space at ETF Securities in 2005 where he spent four years before moving to Source in 2009.

At Source, he was responsible for the distribution of the firm’s ETF range and helped grow it reach $25bn assets under management (AUM).

He rejoins former colleague CEO Michael John Lytle who was chief development officer at Source.

Commenting on his appointment, Lytle said: “Stefan and I spent over six years working together building Source which was purchased by Invesco in 2017.

“He is an excellent salesperson, an experienced business builder and senior asset management executive with an entrepreneurial approach and a proven track record.

“Stefan understands how to build and cultivate long-lasting and highly-effective client relationships. He also understands the importance of being able to scale and systematise relationships.”

What is driving the increasing demand for fixed income ETFs?

Garcia added: “Tabula has established itself as a leader in the fixed income ETF space, with a growing range of unique products. I look forward to working with MJ and the exceptional team at Tabula to expand the business, with a particular focus on the intersection of fixed income and ESG.”