Credit Suisse has appointed Enrico Camerini as head of its Xmtch ETF platform in Italy.
Camerini will be responsible for expanding Credit Suisse's Xmtch range across the country. Based in Milan, he will report to Valerio Schmitz-Esser, director of asset management client solutions, and Walter Sperb, head of asset management in Italy.
Camerini joins from UniCredit HVB, where he was head of Italy for the ETF advisory and trading desk. He previously worked at Banca IMI, where he helped develop the bank's ETF market making capabilities.
The bank launched 17 ETFs on the Borsa Italiana last month, representing its first listing outside of Switzerland.
Credit Suisse managing director and head of beta strategies Oliver Schupp says: "We have strategically looked at markets where we want to enter early, to really have a meaningful footprint in the ETF space. Italy is one of the markets where we have high expectations in terms of becoming a leader."
He says: "It's our clear goal to move into a dominant position and become one of the leaders in the European ETF market within the next year."
He adds Credit Suisse also plans to expand into Germany shortly and will subsequently enter other markets around Europe, registering products and listing on local exchanges.
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