He is set to join Credit Suisse’s ETF business, Xmtch, according to people familiar with the
situation.
Claus Hein, head of Lyxor ETFs in the UK, the Nordic region and Latin America, is believed to be taking on Mr Draper’s global role for the foreseeable future.
Global ETF assets hit an all-time high of US$1,032bn (€742.7bn) at year end 2009, up 4.3 per cent on November, according to BlackRock research.
Pension assets return to 2006 levels
Global institutional pension fund assets in markets including the UK and US rose by 15 per cent during 2009, from $20,000bn (€14.300bn) to over $23,000bn, according to Towers Watson’s Global Pension Assets Study.
The growth is in sharp contrast to a 21 per cent fall in asset values during 2008 and brought assets back to 2006 levels. The study also revealed that the global pensions balance sheet measured by asset values over liability values, using sovereign bonds to discount liabilities, strengthened by around 10 per cent in 2009, compared to a 25 per cent fall in 2008.
