Draper eyes Invesco ETF expansion into Europe

Following its acquisition by BlackRock, Dan Draper, the former head of ETFs at Credit Suisse has landed a larger role at Invesco PowerShares, where he is keeping half an eye on potential expansion in Europe.

A little more than a year ago, Credit Suisse, then the second-largest provider of physical ETFs in Europe, announced it had beefed up its team by hiring new staff and was positioning itself for expansion, converting its swap-based products into physical ones.

Barely six months later, BlackRock, the world’s largest asset manager, announced it was to buy Credit Suisse’s ETF unit to boost its presence in Switzerland. The move sent ripples through the ETF world as iShares positioned itself to