The London-headquartered investment firm and provider of exchange-traded products has made a number of promotions.

Source has made a flurry of promotions across Europe, including Kate Dwyer to executive director within its UK coverage team, as part of its push for growth in the market.

Dwyer joined Source in 2013 and has been focused on serving private banks and family offices. Her promotion comes as part of 17 the firm has made across Europe. Other high-level promotions include Sascha Specketer, now executive director and head of Germany and Austria. Meanwhile, Paul Ridley, part of Source's strategy department, has been promoted to executive director.

“Kate has a played a significant part in development of our successful UK operation. Source believes it has the best team in the ETF industry with an unparalleled level of talent and she fully deserves this recognition,” said David Lake, managing director and head of UK coverage at Source.

Last month, Source appointed its chief operating officer, Gary Buxton, to take on the additional role of chief financial officer, replacing Anne Marie Whelehan who left the firm last summer.

Source's assets under management, which grew by 26 per cent over 2015, stand at more than $19 billion.