The former BlackRock and State Street executive will lead Carne’s exchange-traded fund (ETF) business as the sector sees increased activity from both established and boutique managers.

Third-party fund management company Carne Group has appointed Daniel Osborne as managing director, head of ETF solutions. Osborne brings over 30 years of industry experience Based in London, Osborne will report to Des Fullam, chief regulatory and client solutions officer, and will assume responsibility for leading the firm’s ETF business with immediate effect. The appointment comes as Carne identifies a significant shift in the European ETF market. The firm noted that both established