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Thursday, August 07, 2008

XShares Sees Another High-Level Departure

Reported by Erin Kello

XShares has witnessed yet another high-level exit. IndexUniverse's Larry Carrell reports that company co-founder, CEO of XShares Advisors and president of XShares Group, Anthony Dudzinski, left the company July 15. Dudzinski will still do work for XShares on a consulting basis.

XShares also laid off a chunk of its sales staff around the same time as Dudzinski's departure, according to the report.

A few months ago, Bill Henson, who had been CEO of XShares Group, return to his old position at Grail Partners, an investor in XShares. The company has yet to name a permanent replacement for him. Joseph Schocken, founder and president of Broadmark Capital, serves as interim CEO of XShares Group.

A spokesperson for XShares could not be immediately reached by The MFWire for comment. 

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