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Ex-iShares Product Head Resurfaces At Vanguard

Written by Rebecca Hampson

  
January 07, 2013 12:34 (CET)

Axel Lomholt has moved to Vanguard, where he will head up its European product development and management function, according to a press release from the asset manager.

The former head of ETF product development at iShares will be based in London and report to Tom Rampulla, managing director.

Lomholt left iShares in August last year.

Vanguard has been at the centre of the ETF price war that intensified in the second half of last year and saw several providers, including Vanguard, iShares and Lyxor, reduce fees on many of their funds.

According to sources, Vanguard is looking to build out its institutional client base.

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