U.S. Global Investors
, the adviser to the U.S. Global Investors Funds, just hired James Love
as its chief compliance officer and associate general counsel. Before joining U.S. Global, Mr. Love served as the assistant secretary of the United Services Automobile Association
's mutual funds and a senior attorney in its securities department. U.S. Global also hired Susan Filyk
as director of marketing. Filyk was formerly a senior vice president at Frost Bank
U.S. Global Investors (Nasdaq:GROW), a registered investment advisor specializing in natural resources and emerging markets, has hired James L. Love, a former member of USAA's executive management group, as its chief compliance officer and associate general counsel.
An executive from another San Antonio-based financial services company also joins the U.S. Global team. Susan K. Filyk, formerly a senior vice president at Frost Bank with 16 years of experience in the financial services industry, takes over as director of marketing. Ms. Filyk began her career in the industry at U.S. Global in the early 1990s.
"To continue our growth as a company, we need depth on our offensive and defensive teams," says Frank Holmes, CEO and chief investment officer. "We take compliance and regulatory issues very seriously. Jim Love strengthens our defense, which is a critical role in a highly regulated world, and the addition of Susan Filyk enhances our offense as we work to grow our mutual fund assets."
Before joining U.S. Global, Mr. Love served as the assistant secretary of USAA's mutual funds and a senior attorney in its securities department. His responsibilities included serving as legal advisor to the funds' chief compliance officer.
Previously he worked in the investment management group at Drinker Biddle & Reath in Philadelphia, and at Skadden, Arps, Slate, Meagher & Flom in Wilmington, Del., as a corporate litigator.
Mr. Love earned his law degree at the College of William & Mary after completing his undergraduate studies at Cornell University, where he was captain of the lightweight rowing crew.
"We are governed by complex and ever-evolving regulations, and maintaining our high standards is a priority," says Susan McGee, president and general counsel of U.S. Global Investors. "Jim's deep knowledge about compliance procedures and his experience will be a tremendous asset to our company."
Ms. Filyk rejoins U.S. Global Investors, where she began her career as a shareholder communications specialist. She worked her way up to vice president and director of marketing before moving to Frost Bank in 1998 as vice president of marketing.
She earned an MBA from the University of Texas at San Antonio during her first stint at U.S. Global. She also holds a bachelor's degree from the University of Texas in Austin. Ms. Filyk has run several marathons and she has been recognized as one of the top young leaders in San Antonio's business community.
Mr. Holmes says the ability to hire highly skilled employees is a key way that U.S. Global maintains its edge in a highly competitive industry.
"Both USAA and Frost Bank are great domestic financial companies," Mr. Holmes says. "However, our entrepreneurial culture and focus on global themes make our organization attractive to accomplished professionals such as Jim Love and Susan Filyk.
"The quality of our team was made clear in the past quarter, when we saw volatility in resources and emerging markets and the subprime debt issue upset markets," Mr. Holmes says. "We were able to successfully navigate those difficult conditions, and a snapshot at quarter-end showed that we had grown our assets under management by some $300 million to about $5.35 billion. In addition, our money-market funds have no investments in subprime debt, collateralized debt obligations or extendible commercial paper, and in the past quarter U.S. Global doubled its monthly dividend."
About U.S. Global Investors, Inc.
U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser that focuses on profitable niche markets around the world. Headquartered in San Antonio, Texas, the company offers financial solutions and provides advisory, transfer agency and other services to U.S. Global Investors Funds, U.S. Global Accolade Funds and other clients.
With an average of $5.03 billion in assets under management as of June 30, 2007, U.S. Global Investors manages domestic and offshore funds offering investment options from emerging markets to money markets. In general, trends in assets under management are the critical drivers of revenue and earnings.
Please consider carefully the fund's investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc. An investment in a money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
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