Capital Group expands active ETF distribution with new hire

Capital Group has named its head of ETFs for Europe and Asia Pacific, who has joined from BlackRock.

Based in London, Jamie Sinclair will be responsible for building and leading Capital Group's active ETF business across Europe and Asia Pacific, Capital Group said.

Sinclair has close to 20 years' experience across the financial services sector, particularly through ETF distributions. He joined from BlackRock, spending more than a decade in senior leadership roles, most recently as head of iShares product distribution for Europe, the Middle East and Africa (EMEA).

Earlier in his career, he stationed at other financial institutions including State Street, Legal & General and Dart Capital in similar capacities.

Commenting, Capital Group head of ETFs Scott Davis explained Sinclair's calibre can lead the firm for future growth across the specific regions.

"We are pleased to welcome Jamie Sinclair to Capital Group. Jamie brings extensive experience in ETF distribution and a strong understanding of clients' needs across Europe and Asia Pacific," Davis said.

"With more than 15 years in the industry, his leadership will be instrumental as we continue to expand in the region."

Meanwhile, Sinclair noted the strong components Capital Group has on offer will be crucial to introduce growth where opportunities continue to rise.

"I am delighted to join Capital Group at an exciting time for the business. The firm stands out for its long-term investment approach, strong research culture and commitment to serving clients, and I look forward to partnering with colleagues to support its growth across Europe and Asia Pacific," he said.

Although Capital Group currently does not offer any active ETF locally, the range of products has surged to 29 across the world, predominantly in the US and Canada.

Betashares' research also indicates the current ETF market continues to be dominated by passive strategies, as active ETFs only attracted $6.1 billion of inflows over the past year, compared to the whopping $53.5 billion for indexed ETF.