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Three new hires added to meet increasing demand for ETCs and new innovative products
13/10/08
- ETF Securities is to host a series of Commodity Forums across Europe
with investment guru, Jim Rogers
- Three new hires added to meet increasing demand for ETCs and new
innovative products
ETF Securities Ltd (ETFS), the global pioneer in Exchange Traded Commodities
(ETCs), is to host a series of Commodity Forums across Europe with investment
guru, Jim Rogers. The forums will be held in Frankfurt, Stockholm, Paris, Milan,
London and Geneva. They will provide European institutional investors with the
opportunity to gain valuable insights, views and outlooks from leading players in
the world’s commodity markets. The Forums will start on the 14th October in
Frankfurt and finish on the 21st October in Geneva.
Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator
and successful international investor. He has been frequently featured in Time,
The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall
Street Journal, The Financial Times, and many media outlets worldwide. He has
also appeared as a regular commentator and columnist in various media and has
been a visiting professor at Columbia University.
ETFS has expanded its finance, product development and sales capabilities with
the key appointments of Greg Burgess as Chief Financial Officer, Fred Jheon for
product development and Patrick Witteveen as Senior Sales Manager responsible
for Switzerland and Luxembourg. These appointments are a direct response to
the growth in investor demand for ETCs.
Greg Burgess is one of the founders of the ETF Securities group of companies. As
the Group’s Chief Financial Officer, Greg is a Director and Company Secretary for
several group companies. Greg is also a Director of Gold Bullion Securities
Limited in Australia. Previously, Greg was the Finance Director of Investor
Resources Limited, a boutique corporate advisory firm which specialised in
providing financial, technical and strategic advice to the resources industry. Prior
to joining IRL, Greg was the Chief Financial Officer of Wizard Information
Services, and has previously held senior positions within the Australian
Department of Finance and at Normandy Mining Limited. Greg is a qualified
accountant with over 25 years experience and is a Fellow of the Certified
Practicing Accountants in Australia.
Fred Jheon is responsible for business strategy and product development efforts
for the ETF Securities group of companies. Prior to this, he spent 8 years with
Barclays Global Investors (BGI) in its exchange-traded funds business in San
Francisco. During his tenure at BGI, Fred held leadership positions in portfolio
management, product development and finance for BGI, iShares. Prior to joining
BGI, Fred was a senior at PricewaterhouseCoopers in the financial services
practice. He holds an MBA from the University of Toronto and B.A. from the
University of Alberta and is a CPA.
Patrick Witteveen was previously Regional Director for Dow Jones & STOXX
indices based in London with responsibility for the UK, Irish and Dutch markets
selling into the structured products, mutual fund and ETF space. Prior to that, he
spent nearly 4 years at Reuters in London as exchange relationship manager and
business development manager for specialist data.
ETF Securities now offers more than 120 ETCs which give investors the ability to
implement different investment strategies using physical, long, forward,
leveraged and short exposure in a wide range of commodity sectors. ETCs are
simple to access as they are traded in three currencies (USD, Euros and Sterling)
and listed on five major European Exchanges including the London Stock
Exchange, Euronext Paris, Euronext Amsterdam, Deutsche Börse and Borsa
Italiana. Each Exchange has created unique ETC trading segments resulting in
trading volumes exploding by 500% to between US$600 and US$800 million per
week. ETF Securities now has over US$7 billion in assets, up from $1bn in June
2007.
Commenting on the further growth of the team, Hector McNeil, Head of
Sales and Marketing, said:
“The Jim Rogers events are excellent opportunities for our investors to hear a real
guru in action. I expect Jim to give some insightful views on the current state and
future prospects for the global economy. It’s a powerful combination of the
world’s leading commodity guru and the worlds leading issuer of Exchange Traded
Commodities. We are hosting 6 events in the key European capitals and we
expect full houses at each, with only a few limited seats still available.
“We are very excited to have three experienced executives join the company.
Each bring an experienced skill set that will greatly enhance our business. The
outlook for ETF Securities remains strong as demand for ETCs and ETFs
continues. We have a very exciting product pipeline and we are constantly
growing our customer base.”
For further information, please contact:
Roman Townsend
Penrose Financial
Tel: +44 (0) 20 7786 4875
ETF Securities continues its series of conference calls for finance
professionals:
Title: Gold the Ultimate Safe Haven – Better Than Cash?
- Economic and Financial Context
- The Investment Characteristics of Gold
- The Fundamentals of Gold
- The Ultimate Safe Haven
- Supply and Demand Fundamentals
- Valuations and Recent Flows
- How to Invest in Gold
- Question and answer session
Date: 15th October 08
Time: 11:00am and 15:00pm London Time
Click here to register
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 subindices
(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, AIGFP,
American International Group, or any of their respective subsidiaries or affiliates, makes any
representation regarding the advisability of investing in such product(s).
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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