UBS ETF hires Rosti from iShares to head Italy’s sales

UBS has appointed Simone Rosti as head of ETF sales for Italy, as the Swiss bank is planning to launch 60 new products in the market in 2013.

Based in Milan, Rosti (pictured) will report to Roger Boots, head of UBS ETF Sales for Europe.

Rosti joins from iShares, BlackRock’s ETF platoform, where he was head of wealthy clients.

He has previously worked at Barclays Global Investors and UBI Pramerica.

In Italy, UBS already distributes 12 products. As part of the plan to increase its offering, the bank will add products in equity, bond and alternative asset classes.

Part of UBS global asset management, UBS ETF has about $12bn asset under management in Europe.

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