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ETFS Expands Nordic, UK and Ireland Teams

12 March 2008

ETFS Expands Nordic, UK and Ireland Teams

ETF Securities has expanded its sales team with the appointments of Emil Petersen to be head of Nordic sales and Neil Jaimeson to be senior sales representative for the UK and Ireland. These appointments are a direct response to a growth in demand for exchange-traded commodities. Mr Petersen was previously regional sales director responsible for EMEA and Nordics for the index provider group FTSE. Mr Jaimeson was previously director of marketing and business development at Selftrade, a UK execution-only stockbroker. ETFS says it is continuing to expand its sales teams to meet the growing demand generated from its listings across Europe. Weekly ETC trading volumes have risen to over $600 million, up over 150 per cent since December 2007. At the beginning of March 2008, the firm saw assets under management reach over $5.1 billion, the assets having risen by 100 per cent from $2.5 billion since 1 January 2008. Graham Tuckwell, chairman of ETF Securities, said: “Gathering $5 billion in assets in such a short time is simply staggering. We are very excited by this growth and given we have just listed 66 new short and leveraged ETCs we think that this growth should continue. Emil Petersen and Neil Jamieson are both key hires for ETF Securities. They show our commitment to the Nordic, UK and Irish markets where we have significant take up of ETCs across all investor classes.”

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