People Moves

ETF Securities Adds to Growth With Quartet of Hires

Will Robins 21 October 2009

ETF Securities Adds to Growth With Quartet of Hires

ETF Securities, a UK exchange-traded funds business, has announced four new hires as part of its bid to capitalise on the booming popularity of ETFs.

Over the past two years ETF Securities has benefited from a rapid expansion of the ETF market. Assets under management have now reached $15.6 billion, compared to $7 billion in October 2008 and $1 billion in June 2007.

As part of its ongoing expansion plans, the firm has appointed new personnel to its research, product development and legal teams.

Two of the appointees, Amila Kulasinghe and Jenny Hsieh, come from Goldman Sachs.

Mr Kulasinghe joins from the legal department of Goldman Sachs International, where he advised the Execution & Clearing, Listed Derivatives, Prime Brokerage and Principal Strategic Investments business units. Joining ETF's legal team, Mr Kulasinghe specialises in derivatives and trading documentation, securities custody arrangements, cross-border secured financing, and insolvency-related issues.

Ms Hsieh worked for Goldman Sachs Private Wealth Management, developing tax-efficient products. She joins the product development team at ETF Securities.

From Saxo Bank joins Michael Langerup who has also been appointed to the product development team. Mr Langerup worked for Saxo's hedge fund group, focusing on global macro research. Prior to that he worked on funds of hedge funds for Forsyth Partners.

Finally, Martin Arnold joins ETF Securities’s Research & Investment Strategy team, hailing from the Reserve Bank of Australia.

ETF Securities’ assets under management grew by $7.9 billion this year, 78 per cent of which came from investor inflows. The company attributed the surge to concerns over the health of government finances, with investors viewing major curriencies a growing inflation risk.

The securities business recently expanded its geographical coverage with exchange traded commodity listings on the New York and Tokyo stock exchanges. 

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