European ETF industry salaries surge as managers fight for talent

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The story "European ETF industry salaries surge as managers fight for talent" was covered 20 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 20h ago

European ETF industry salaries surge as managers fight for talent - Financial Times

Quick Summary:

Burling highlighted two of Europe’s largest ETF markets — Germany and Switzerland — that were seeing salaries increase “every year” as senior sales people in particular were rewarded for the popularity of ETFs.

This has raised the cost of ETF sales, product development and capital markets specialists within asset managers.

He said this was particularly acute in specialist areas such as capital markets, a function that is central to ETFs’ liquidity and is non-existent for mutual funds, where a senior person could expect an annual income of upwards of £300,000, and a further 50 per cent more in the US.