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Due to huge and increasing popularity of ETCs and ETFs, ETF Securities strengthens its Research, Product Development and Legal Teams
London 20th October 2009, ETF Securities Ltd (ETFS), the global pioneers of Exchange Traded Commodities (ETCs), and 3rd generation Exchange Traded Funds (ETFs), continues to grow its business with four new hires across Research, Product Development and Legal teams.
These appointments are in direct response to ETF Securities tremendous growth and ambitious development plans going forward and come at a time when ETF Securities sees spectacular growth within ETCs and ETFs, as AUM break $15.6bn*, following the recent expansion into the US and Japanese markets.
Martin Arnold joins the Research & Investment Strategy team
Martin Arnold joins ETF Securities’ research team as a senior analyst. Martin has a wealth of experience in strategy and economics with his most recent role focused specifically on the foreign exchange markets. Martin has a strong macro background – gained both at the Reserve Bank of Australia and in the private sector - and experience covering a range of asset classes so should be able to quickly add strong research value-added to support our sales and marketing teams and clients invested across our ETC and ETF platforms. Martin holds a Bachelor of Economics from the University of New South Wales (Australia), a Master of Commerce from the University of Wollongong (Australia) and the Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia.
Jenny Hsieh and Michael Langerup join the Product Development team
Jenny Hsieh joins from Goldman Sachs Private Wealth Management where she helped develop and launch products for clients, with a focus on tax efficiency. Jenny has extensive experience within the investment banking and asset management industry and brings a solid skill set in product development, having started her career working on hybrid capital products. Jenny holds undergraduate degrees in Psychology and Sociology from UCLA (Univ. of Calif, Los Angeles) and an MBA from Insead.
Michael Langerup joins from Saxo Bank where he worked as a research analyst in the hedge fund group focusing on global macro research. Prior to this, he spent 1.5 years at Forsyth Partners’ FoHF group, where he was responsible for fixed income related hedge fund strategies. Michael started his career at Carnegie Asset Management, where he worked in portfolio administration as an analyst for three years. Michael holds a BSc in Business Administration and MSc in Finance and Accounting from Copenhagen Business School (Denmark) and an MBA from Weatherhead School of Management at Case Western Reserve University (USA).
Amila Kulasinghe joins the Legal team
Amila Kulasinghe joins from Goldman Sachs International where he worked in the legal department, advising the Execution & Clearing, Listed Derivatives, Prime Brokerage and Principal Strategic Investments business units. At Goldman his areas of practice included derivatives and trading documentation, securities custody arrangements, cross-border secured financing, and insolvency-related issues. Amila was called to the English Bar in 2005 and originally qualified as a commercial chancery barrister at Serle Court, a leading set of chambers specialising in off-shore trusts, banking and financial services litigation. Amila holds a BA in Law from Merton College, Oxford and an LL.M (with Distinction) in Corporate and Commercial Law from University College London.
*As at 19th October 2009
For further information, please contact:
Helen Burden
Tel: +44 (0) 20 7448 4330
Email: helen.burden@etfsecurities.com
Notes to Editors:
ETF Securities is a provider of Exchange Traded Commodities (ETCs) and 3rd generation Exchange Traded Funds (ETFs). The management of ETF Securities pioneered the development of ETCs, with the world's first listing of an ETC, Gold Bullion Securities in Australia and London in 2003 and then the world's first entire ETC platform which was listed on the London Stock Exchange in September 2006.
The vision for 3rd generation ETFs was pioneered by ETF Securities. The idea was inspired by investor demand for increased levels of transparency, liquidity and counterparty risk management. ETF Securities identified that the current ETF issuance model by single financial institutions could be strengthened by diversifying index replication across a consortium of the strongest financial players and concentrating liquidity within a single platform. Under the current ETF issuance model, if the sponsoring / issuing financial institution fails, it is highly likely that their respective ETFs would be greatly disrupted and potentially liquidated.
The Exchange Traded Products (ETPs) provide investors with a wide variety of investment strategies, with ETPs offering resource equities, physical, long, forward, leveraged and short exposure to all commodity sectors. ETPs are simple to access as they are traded in five currencies (EUR, USD, GBP, AUD and JPY) and listed on nine major exchanges globally including the London Stock Exchange, the New York Stock Exchange, the Tokyo Stock Exchange, NYSE-Euronext Paris, NYSE-Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the Australian Securities Exchange and the Irish Stock Exchange.
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 securities (together the "Securities")of ETFS Commodity Securities Limited, ETFS Metal Securities Limited or ETFS Oil Securities Limited or any shares (the "Shares") of ETFS Fund Company public limited company (the "Fund") or any other shares or 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 relevant prospectus (plus any supplements thereto) in the case of the Securities or the prospectus together with the relevant sub-fund supplement in the case of the Shares (in each case the "Prospectus") and recipients of this advertisement who are considering a purchase of Securities or Shares following distribution of the Prospectus are reminded that any such purchase should be made solely on the basis of the information contained in such Prospectus. This advertisement does not constitute any recommendation regarding the Securities or the Shares.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 Shares or Securities 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 Shares or Securities) must not be acted upon or relied upon by persons who are not relevant persons. The Fund is a collective investment scheme for the purposes of the FSMA and is a recognised scheme for the purposes of the FSMA. 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 Shares or Securities in, from or otherwise involving the United Kingdom.
This is not an offer of securities for sale in the United States. The Shares and Securities have not been and will not be registered under the US Securities Act or any other applicable law of the United States. The Shares and 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. None of ETFS Commodity Securities Limited, ETFS Metal Securities Limited, ETFS Oil Securities Limited and ETFS Fund Company public limited company (each an "Issuer") has been or intends to become registered as an investment company under the United States Investment Company Act of 1940 (as amended) (the "Investment Company Act") and related rules. Neither the Shares nor the Securities or any beneficial interest therein may be reoffered, resold, pledged or otherwise transferred in the United States or to US persons. If an Issuer determines that any holder of shares is a US Person or any holder of Securities 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 Shares or Securities (as the case may be) held by that Security Holder in accordance with the provisions described in the Prospectus. Neither the Shares nor the Securities may 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 or Shares held by that person in accordance with the provisions described in the relevant Prospectus.
“None of the index providers of the relevant ETFs referred to herein nor their licensors make any warranty or representation whatsoever either as to the results obtained from use of the relevant indices and/or the figures at which such indices stand at any particular day or otherwise. None of the index providers shall be liable to any person for any errors or significant delays in the relevant indices nor shall be under any obligation to advise any person of any error or significant delay therein.” “Dow Jones,” “UBS”, DJ-UBSCISM,”, “DJ-UBSCI-F3SM,” and any related Indices or Sub-Indices are service marks of Dow Jones & Company, Inc. (“Dow Jones”) and UBS AG (“UBS”), as the case may be, and have been licensed for use by the Issuer. The Securities although based on components of the Dow Jones UBS Commodity Index 3 month Forward SM (formerly known as the Dow Jones –AIG Commodity Index 3 Month Forwards SM) are not sponsored, endorsed, sold or promoted by Dow Jones, UBS, or any of their respective subsidiaries or affiliates, and none of Dow Jones, UBS, or any of their respective subsidiaries or affiliates, makes any representation regarding the advisability of investing in such product. ETF Securities Limited and each Issuer are regulated by the Jersey Financial Services Commission.
ETF Securities Limited, ETFS Commodity Securities Limited, ETFS Metal Securities Limited, ETFS Oil Securities Limited, Gold Bullion Securities Limited and ETFS Fund Company PLC are each regulated by the Jersey Financial Services Commission.
To obtain a copy of the prospectus please visit the website at www.etfsecurities.com
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