The former chief executive of Old Mutual Global Investors, who left following the group's 2015 merger with wealth manager Quilter Cheviot, has swapped traditional asset management for the world of exchange-traded funds.

Julian Ide will take over as CEO of the European ETF specialist Source in mid-April, according to a March 4 statement. News of his return to management comes roughly six months after Ide lost out to Martin Baines for the top job at Old Mutual Wealth, and almost a year after former Source CEO Ted Hood left the group he founded.