VanEck has appointed Martijn Rozemuller as European head to further expand its ETF business in the region.
Rozemuller was previously managing director of Dutch ETF provider Think ETFs, which was acquired by VanEck at the beginning of the year. The transaction is now complete and Think ETFs brand will continue for the time being.
As part of his role, Rozemuller will also form the European board of operations together with his colleague and co-founder of Think ETFs Gijs Koning, and will report directly to CEO Jan vanEck, based in New York.
Global asset manager VanEck manages assets totalling around $45bn and is among the ten largest ETF providers in the USA. Prior to the acquisition of Think, VanEck had two European offices, in Frankfurt and Pfäffikon, in Switzerland. The completion of the Think transaction means it now has an office in Amsterdam also. The acquisition has also increased the company’s assets under management in Ucits funds to $2.6bn.
“An increasing number of private and institutional investors in Europe have recognised the excellent opportunities that ETFs offer through their liquidity, transparency and low fees,” said Rozemuller.
He further added: “ETFs have been directed at both private and institutional investors from the very start at Think and through this acquisition I am looking to continue expanding our offering to these investors in Europe.”