UBS Asset Management has hired former HSBC ETF trading head Pravin Bagree as head of ETF capital markets, ETF Stream can reveal.

Based in Switzerland, Bagree will be responsible for all aspects of capital markets including ETF spreads and execution.

He spent seven years at HSBC between 2012 and 2019, most recently as head of ETF trading where he built and managed their ETF trading business before joining Aberdeen Standard Investments as an ETF consultant.

Prior to HSBC, Bagree held a number of senior roles at major banks including UniCredit, Credit Suisse and JP Morgan.

Clemens Reuter (pictured), head of ETF and passive investment specialists at UBS AM, commented: “Pravin’s expertise is appreciated by our clients and colleagues and he has made an immediate positive impact.

“Pravin has the ability to leverage his expertise from his previous positions to improve the ETF capital market services offered to our clients and is a great addition to our team and value chain.”