ETF Securities (ETFS) has appointed Mark Weeks as the chief executive of ETF Exchange, a third-ge...
ETF Securities (ETFS) has appointed Mark Weeks as the chief executive of ETF Exchange, a third-generation ETF platform.
Weeks will be responsible for driving the ETF Exchange strategy and business development, while coordinating with other parties involved in the platform.
The appointment represents part of ETFS' expansion plan, which aims to join with large global financial institutions to increase the ETF Exchange and become Europe's "leading ETF issuer."
Prior to joining ETFS, Weeks headed the Securities Lending franchise at UBS in Zurich. Before this, he was a managing director at Goldman Sachs International, where he was responsible for running the European Securities Finance sales and trading desk, which serviced major institutional and hedge fund clients.
Weeks also worked at London Global Securities, which he joined in 1993, where he was head of securities finance sales. Prior to this, he was responsible for the European securities finance sales and trading business at Morgan Stanley.
ETFS chairman Graham Tuckwell comments: "This appointment reflects our dedication to forge ahead with the building of the ETF Exchange, with a view of becoming the most recognised ETC and ETF player in the marketplace."
He adds: "We fully expect Mark to achieve great things with the ETF Exchange which we expect will set the standard in Europe."
Consultation closing 15 September
Across all public sector schemes
Proceeds being returned to investors