PRESS RELEASE
London, 22 September 2014: Source, an investment firm and one of the market-leading European providers of Exchange Traded Products (ETPs), is pleased to announce that Peter Thompson has been named President of the Source Group.
Mr Thompson has served as Chief Strategy Officer since Source was founded in 2008 and, in addition to continuing to develop and execute the firm’s strategy for European markets, he will be responsible for overseeing Source’s new initiative in the US.
Source announced on 16 September that it is launching in the US and will develop a range of ETPs designed to meet the strong demand in the US market. The ETF, which tracks the EURO STOXX 50 index, is the first investment product to be listed on the New York Stock Exchange.
“Peter has been with Source from the very start, and therefore knows first-hand what has made us so successful to-date and what our investors expect from us going forward,” says Ted Hood, Chief Executive Officer at Source. ”This in-depth knowledge is important for the continuity of the business, especially as we expand our global footprint into the US.”
“Over the years, we have come to appreciate that most investors share common goals,” explains Peter Thompson, “but there are often subtle differences in the best way to deliver the solutions. This is why we look at each market individually, starting with understanding the nuances of the market and identifying investors’ precise needs. This focused approach has driven our success in Europe, and we are taking the same approach to the US, as we enter a new phase in the natural evolution of our business.”
Source UK Services Limited is authorised and regulated by the Financial Conduct Authority in the UK.