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Wednesday, January 30, 2008

ALPS Bets on Lucky Number Seven

News summary by MFWire's editors

ALPS Fund Services has hired seven new members for its sales team. The company's revenues increased 96 percent in 2007, necessitating the new new additions, said Ned Burke, president of ALPS.

Company Press Release

ALPS Fund Services, Inc., a leading provider of outsourced and advisory solutions to the investment management industry, today announced the hire of seven sales professionals to support a growing demand for the company’s proprietary products and administrative services. In 2007 ALPS’ revenues grew by more than 96%, driven in part by product introductions and the success of the company’s Institutional Advisory Services.

“Two thousand and seven marked a year of evolution at ALPS,” noted Ned Burke, President of ALPS. “Our proprietary ETF and closed-end fund services continued to attract interest throughout 2007, and our Institutional Advisory Services had a breakout year of product launches. To keep pace with the demand for our products, we have hired an additional seven professionals to boost the efforts of our sales force.”

ALPS’ new hires include:

Advisory Services

· Amy Temkin, Head of Institutional Client Relations, Institutional Advisory Services

· Scott Blankenship, Regional Sales Manager, Institutional Advisory Services

Closed-End, ETFs and Mutual Funds

· Robert Dudley, Regional Sales Manager, Select Sector SPDRs

· Walter T. Rich, Regional Sales Manager, Select Sector SPDRs

· David Frank, Regional Sales Manager, Closed-End, ETFs and Mutual Funds

· Andrew M. McCullagh, Regional Sales Manager, Closed-End, ETFs and Mutual Funds

Core Services

· Michael Hawn, Regional Sales Executive, ALPS Fund Services

About ALPS Fund Services, Inc. ™

ALPS Fund Services, Inc. ™ is a Denver-based outsourcing solution for administration, compliance, fund accounting, legal, marketing, tax administration, transfer agency and shareholder services for open-end, closed-end, hedge and exchange-traded funds. ALPS has approximately $18 billion in client mutual fund assets under administration. ALPS Distributors, Inc. provides distribution services to over $220+ billion in client assets.

For more information, visit www.alpsinc.com.

ALPS is a registered trademark or trademark of ALPS Fund Services, Inc.™ in the United States and other countries. All other brand names, product names or trademarks belong to their respective holders.

Edited by: Erin Kello

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