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Tuesday, March 11, 2008

XShares Names National Sales Director

Reported by Erin Kello

XShares Securities, an affiliate of ETF shop XShares Advisors, has promoted Edward Lynch from regional sales manager to national sales director. Lynch is in charge of national retail and institutional distribution of XShares Advisors' ETFs.

The position of national sales director was previously held by Don Aven, who has left the company. There are no plans to hire someone to fill Lynch's previous position, according to a company spokesman.

XShares recently landed 401(k) distribution for its offerings with retirement plan provider RPG Consultants. There is still no word on when the firm will enter the active ETF race as part-owner Don Putnam said back in October.


Company Press Release

NEW YORK - (Business Wire) XShares Securities, LLC, an affiliate of XShares Advisors LLC, today announced that Edward F. Lynch has been named National Sales Director for the company. In this capacity, Mr. Lynch will be responsible for national retail and institutional distribution of XShares Advisors’ ETFs. XShares Advisors is an investment advisory firm focused on developing precisely focused, innovative exchange-traded funds (ETFs).

“We are pleased to name Ed as our National Sales Director,” said Jeffrey Feldman, Founder and Chairman of XShares Group LLC, parent company of XShares Securities and XShares Advisors. “Ed’s previous contributions here and his wealth of sales and business development expertise will help take our company to a new level as we strive to be the leading provider of unique niche ETFs.”

Mr. Lynch brings 25 years of experience in the asset management business to the firm in developing and marketing a variety of financial products, including open-end and closed-end mutual funds, structured notes, and ETFs. “I’m excited to have this opportunity to expand XShares Securities’ momentum to meet investor demand for our precisely-focused ETFs,” said Ed Lynch.

In January 2007, he joined XShares Securities as Regional Sales Manager, and prior to that, he served in strategic planning and business development roles with Xerox Financial, Citicorp, and Fidelity Investments. He also served in senior sales management and marketing roles at J&W Seligman and Van Kampen Funds.

Mr. Lynch graduated from Union College with a BA in Economics, and from Columbia University with an MBA in Finance. He holds Series 7 and 24 NASD licenses.

About XShares Securities

XShares Securities LLC markets ETFs on behalf of its affiliate, XShares Advisors LLC, a registered investment advisor. XShares Securities operates through a wholesaler sales force covering the continental U.S. XShares Advisors creates and licenses distinctive intellectual property for its ETFs, developing precision tools that allow for innovative trading strategies. XShares Advisors also partners with major institutions and index providers seeking to bring innovative ETFs to market using its administrative platform. For more information, visit the XShares Advisors’ website at: www.xsharesadvisors.com.
 

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