ETF Securities Ltd (ETFS) continues to grow its business with the strategic hire of Mark Weeks, who joins as Chief Executive of the ETF Exchange, the globe’s first third generation ETF platform.
Mark’s appointment is part of ETFS’ expansion plan to join forces to create the ETF Exchange and form Europe’s important ETF issuer. Mark will be responsible for driving the ETF exchange strategy, business development and co-ordinating with all parties involved.
Mark joins from UBS where he ran the highly successful Securities Lending franchise in Zurich. Prior to this, he spent 7 years at Goldman Sachs International, where as a Managing Director he was responsible for running the European Securities Finance sales and trading desk, servicing major institutional and hedge fund clients.
This desk formed a core part of Goldman Sach’s Prime Brokerage business. Before being appointed at Goldman Sachs, Mark joined London Global Securities in 1993, as Global Head of Securities Finance sales. Mark started his career in 1985 joining IP Sharp to sell securities finance systems, which led to a role at Morgan Stanley, where he was responsible for the European Securities Finance sales and trading business.
“We are delighted to announce the appointment of someone of Mark’s calibre and experience. He brings a wealth of experience to the business and brings an important to new dimension to our team with his expertise in the field of securities finance,” says Graham Tuckwell, chairman, ETF Securities.
“This appointment reflects our dedication to forge ahead with the building of the ETF exchange, with a view of becoming the most recognized ETC and ETF player in the marketplace. We fully expect Mark to achieve great things with the ETF Exchange which we expect will set the standard in Europe.”
“Reaching USD12 billion in assets is a significant milestone for our business and reflects our dedication to the field of ETFs and ETCs. These investment vehicles are some of the most highly traded products in Europe and the market reaction we’ve had is proof to the success of our ETCs and ETFs,” says Hector McNeil, managing partner/head of Sales & Marketing, ETF Securities.
L.D.