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Rating:Vanguard Alum Joins Barclays Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 10, 2007

Vanguard Alum Joins Barclays

News summary by MFWire's editors

Sue Thompson is the new national sales manager of the Registered Investment Advisor (RIA) Team for Barclays Global Investors' U.S. iShares Business. She will educate RIAs on how to utilize iShares funds in clients' portfolios. Prior to joining Barclays Thompson was with Vanguard, where she was the head of the national full-service broker-dealer sales team. Thompson is the latest departure to Barclays, who has been actively pursing employees from other firms. They have been running a series of television spots in which people keep dissappearing from jobs they are unhappy with to join Barclays, the promised land. -ed.


Barclays Global Investors announced today the appointment of Sue Thompson as the new National Sales Manager of the Registered Investment Advisor (RIA) Team for the U.S. iShares Business. In this role, Ms. Thompson manages a team of 12 who focus on educating RIAs about how to utilize iShares Funds in their clients' portfolios. Ms. Thompson was formerly with Vanguard where she headed the National Full Service Broker/Dealer Sales team for Vanguard's Financial Advisor Services.

"We're pleased to have someone of such high caliber as Sue Thompson to join the iShares team to focus on servicing RIAs, who are key iShares clients and among the most enthusiastic in embracing iShares Funds," said Joe Linhares, Head of Institutional Sales for the U.S. iShares Business.

Ms. Thompson joins BGI after more than seven years at Vanguard. She headed the National Full Service Broker/Dealer Sales team for Vanguard's Financial Advisor Services since 2005. She joined the firm in 1999 as Senior Counsel in the Legal Department, specializing in tax law and structured products. During her tenure there, she held a number of positions on corporate strategy teams, as head of business planning for the Client Relationship Group and as Western Regional Sales Manager for Intermediary Sales.

Prior to joining Vanguard, Ms. Thompson was an attorney at Orrick, Herrington & Sutcliffe, LLP in California, specializing in public finance. She received her B.A. in Accounting from the University of Washington and her J.D. from the University of California, Davis. Ms. Thompson is also a C.P.A. and holds the CIMA designation.

"I am excited to join an organization that is a leader and innovator in the ETF industry and viewed by financial professionals as one of the best firms that provides a broad product offering and excellent sales support -- from personal assistance by the most experienced sales staff to tools on ishares.com and a wide variety of educational forums," said Thompson.

The iShares Funds are index funds that are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.

Carefully consider the Funds' investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Funds' prospectuses, which may be obtained by calling 1-800-iShares or by visiting www.ishares.com. Read the prospectus carefully before investing.

BGI is one of the world's largest asset managers (1) and a leading global provider of investment management products and services. It has over 2,900 institutional clients and over $1.8 trillion of assets under management as of 12/31/06. It transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979. BGI is the global product leader in exchange traded funds (iShares) with over 190 funds for institutions and individuals trading in fifteen markets. Globally, BGI and its affiliates have approximately $287 billion of iShares assets under management. BGI is a majority-owned subsidiary of Barclays Bank PLC.

There are risks involved with investing, including possible loss of principal.

Transactions in shares of the iShares Funds ("Funds") will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares Funds are obliged to distribute portfolio gains to shareholders.

Shares of the Funds may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units.

The Funds are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to the Funds. Barclays Global Investors Services (BGIS) assists in the marketing of the Funds. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., which is a majority-owned subsidiary of Barclays Bank PLC, none of which is affiliated with SEI or Vanguard.

© 2007 Barclays Global Investors. All rights reserved. iShares® is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.  

Edited by: Erin Kello


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