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Fleites Out At IndexIQ Agustin “Gus” Fleites has resigned from his position as president of IndexIQ, just two short months after joining the firm in September 2007. There was no specific reason given for the departure. The only official communication was a brief note from IndexIQ, stating: “We can confirm that Gus Fleites is no longer with IndexIQ. The parting was an amicable one and we wish Gus the best in his future endeavors.” This marks the second rapid departure for Fleites in recent years. Before joining IndexIQ, Fleites spent one year as chief investment officer of ProShares, where he oversaw the launch of the first ProShares ETFs. But he left that company in October 2006, just three months after the products came to market. Prior to that, Fleites spent 18 years at SSgA, where he was instrumental in the development of the company's ETF business. |
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