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ETF Securities expands team for the
Nordic and UK & Ireland Regions
11/03/08
- Head of Nordic Sales joins ETF Securities from FTSE
- Senior Salesman joins UK & Ireland Sales team
ETF Securities Ltd (ETFS), the global pioneer in Exchange Traded Commodities
(ETCs), has expanded its sales team with the key appointments of Emil Petersen to
be Head of Nordic Sales and Neil Jaimeson to be Senior Sales representative for the
UK & Ireland. These appointments are a direct response to the growth in investor
demand for ETCs.
Emil Petersen was previously regional Sales Director responsible for EMEA and
Nordics for the FTSE Group, one of the world’s leading index providers to the
investment community. Recent successes include the launch of AP2’s (Swedish
Pension Fund) “Fundamental Fund,” the XACT Fonder Eurozone, and Swedish ETFs.
Emil was the top sales person ranked by sales revenue achieved in 2006 and 2007.
Prior to joining FTSE, Emil worked as a Sales Director for financial industry analyst
firm TowerGroup (a MasterCard company) where Emil helped build up their European
team and presence. He has a total of 15 years sales experience in companies
including J. Walter Thompson, Gartner Group, and Reuters Group. In addition, Emil
has been instrumental in several start-ups around the world including TigerEx, Asia
Pacific's first ECN for electronic cross-border equities dealing.
Emil received a Bachelor of Arts degree from Arizona State University and Tulane
University. In addition, he holds several professional certifications including
Securities and Futures Authority Registered Securities Representative and
Investment Management Certificate in the United Kingdom and Annuities and Life
Insurance in the United States.
Neil Jaimeson was previously Director of Marketing and Business Development at
Selftrade, one of the UK’s largest execution-only stockbrokers. He was part of the
management team that launched Comdirect in the UK in 2000, heading marketing
and business development prior to its institutional buy-out in 2004 and subsequent
sale to Boursorama, Selftrade’s parent, in 2005.
Neil has a total of 25 years experience which includes analyst and programme
manager roles at the OECD, International Energy Agency, Sheppard’s and Chatham
House. He has worked extensively on energy policy, including as a participant in the
European Energy Charter negotiations in 1992-93 while working in the Federal
Ministry of Economics in Germany.
Neil holds a B.A. from the University of Reading and a M.A. from Johns Hopkins
University. He is also a Sloan Fellow from London Business School.
ETF Securities is continuing to expand its sales teams to meet the growing demand
generated from its listings across Europe. Weekly ETC trading volumes have also
exploded to over $600 million, up over 150% since December. Of this, the
Agriculture ETC, ETFS Agriculture has gathered $1bn in AUM, ETFS Softs $170m,
ETFS Grains $160m and ETFS Cotton $130m. For the precious metals, ETFS Physical
Gold has gathered $800m AUM, ETFS Physical Platinum $680m, ETFS Physical Silver
$170m and ETFS Physical Palladium $130m. In addition to market conditions which
are supportive for precious metals and commodities, the increase in trading volumes
is also a result of multiple European listings complemented with the largest number
of Authorised Participants and market makers of any ETC or ETF. Last week, ETF
Securities saw assets under management reach over $5.1bn, the assets having risen
by 100% from $2.5bn since January 1st 2008.
Commenting on the further growth of the team, Graham Tuckwell, Chairman
of ETF Securities, said:
“Gathering $5bn in assets in such a short time is simply staggering. It clearly shows
that ETF Securities has developed the right products at the right time. 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 both
bring a wealth of sales and marketing and commodities experience to the teams.
These hires show our commitment to the Nordic, UK & Irish markets where we have
significant take up of ETCs across all investor classes.”
For further information, please contact:
Roman Townsend
Penrose Financial
Tel: +44 (0) 20 7786 4875
Notes to editors:
The management of ETF Securities Limited pioneered the development of Exchange
Traded Commodities (ETCs), in 2003. Building on its success ETF Securities created
the world’s first entire ETC platform which was listed on the London Stock Exchange
in September 2006. Since then, ETF Securities has listed its ETCs on Europe’s major
exchanges (Frankfurt, Paris, Amsterdam and Italy) with each exchange creating a
separate ETC segment. With Classic, Forward, Short and Leveraged ETCs available,
investors can execute most trading and investment strategies previously not
possible.
To learn more about ETF Securities go to: www.etfsecurities.com
This press release does not constitute or form part of any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, any transferable securities to be issued by ETFS
Commodity Securities Limited or any other securities, nor shall it or any part of it nor the fact of its
distribution form part of or be relied on in connection with any contract or investment decision relating
thereto. Any offer, invitation or solicitation shall be made solely by means of the prospectus and recipients
of this advertisement who are considering a purchase of securities following distribution of the prospectus
in connection therewith are reminded that any such purchase should be made solely on the basis of the
information contained in such prospectus and any supplementary prospectus(es). This advertisement does
not constitute any recommendation regarding the securities of ETFS Commodity Securities Limited.
The communication of this press release is not being made by, and this press release has not been
approved by, an authorised person for the purposes of section 21 of the Financial Services and Markets
Act 2000 (the “FSMA”). Accordingly this press release is not being distributed to, and must not be passed
on to, the general public in the United Kingdom. The communication of this press release or any other
document issued in connection with the offer and sale of the ETCs is only being made to and directed at
those persons in the United Kingdom falling within the definition of Investment Professionals (as defined in
Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
“Order”), or high net worth entities, and other persons to whom it may otherwise lawfully be
communicated, falling within Article 49(1) of the Order or any person to whom it may otherwise lawfully
be made (all such persons together being referred to as “relevant persons”). The communication of this
press release (or any other document issued in connection with the offer and sale of the ETCs) must not
be acted upon or relied upon by persons who are not relevant persons. Persons distributing this press
release must satisfy themselves that it is lawful to do so. All applicable provisions of the FSMA must be
complied with in respect of anything done in relation to the ETCs in, from or otherwise involving the
United Kingdom.
This is not an offer of securities for sale in the United States. Securities issued by Commodity Securities
Limited (“ Securities”) have not been and will not be registered under the US Securities Act or any other
applicable law of the United States. These Securities are being offered and sold only outside the United
States to non-US persons in reliance on the exemption from registration provided by Regulation S of the
US Securities Act. The Issuer has not been and does not intend to become registered as an investment
company under the Investment Company Act and related rules. These Securities and any beneficial
interest therein may not be reoffered, resold, pledged or otherwise transferred in the United States or to
US persons. If the Issuer determines that any Security Holder is a Prohibited US Person (being a US
Person who is not a "qualified purchaser" as defined in the Investment Company Act), the Issuer may
redeem the Securities held by that Security Holder in accordance with the provisions described in the
Prospectus. The Securities may not be purchased with plan assets of any "employee benefit plan" within
the meaning of section 3(3) of the United States Employee Retirement Income Security Act of 1974, as
amended ("ERISA"), any "plan" described in section 4975(e)(1) of the United States Internal Revenue
Code of 1986, as amended (the "Code") or any entity whose underlying assets include "plan assets" of
any of the foregoing by reason of an employee benefit plan's or other plan's investment in such entity,
which employee benefit plan, plan or entity is subject to Title I of ERISA or section 4975 of the Code or
any United States Federal, state, or local law or non-United States law that is substantially similar to the
prohibited transaction provisions of section 406 of ERISA or section 4975 of the Code (any such employee
benefit plan, plan or entity, a "Prohibited Benefit Plan Investor"). If the Issuer determines that any
Security Holder is a Prohibited Benefit Plan Investor, the Issuer may redeem the Securities held by that
Security Holder in accordance with the provisions described in the Prospectus relating to those Securities."
“Dow Jones,” “AIG®” “Dow Jones-AIG Commodity IndexSM,” “DJ-AIGCISM”, “Dow Jones-AIG Commodity
3-Month Forward Index” are service marks of Dow Jones & Company, Inc. and American International
Group, Inc. (“American International Group”), as the case may be, and will be licensed for use for certain
purposes by ETF Securities Ltd. ETCs based on the DJ-AIGCISM or related sub-indices (including single
commodity sub-indices) or 3-Month Forward Indexes are not sponsored, endorsed, sold or promoted by
Dow Jones, AIG Financial Products Corp. (“AIG-FP”), American International Group, or any of their
respective subsidiaries or affiliates, and none of Dow Jones, AIG-FP, American International Group, or any
of their respective subsidiaries or affiliates, makes any representation regarding the advisability of
investing in such product(s).
To obtain a copy of the prospectus please visit the website at
www.etfsecurities.com
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