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Written by Journal of Indexes Staff
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Monday, 25 August 2008 05:00 |
Fuhr and Morgan Stanley Part Ways
Deborah Fuhr, arguably the biggest name globally in ETF research, is no longer employed with Morgan Stanley.
Fuhr operated out of the Morgan Stanley U.K. office and had built a reputation as one of the world’s experts on ETFs, with 10 years of experience covering the space. Morgan Stanley’s ETF market research consistently ranked first in investor surveys.
Deborah Fuhr had been at Morgan Stanley for over 10 years. She headed the Investment Strategies group in London, working with institutional investors on implementing “delta 1” products—ETFs, swaps, certificates, futures, index funds and other derivatives. She was made a managing director of the firm in 2006.
Bank of NY’s Centrone Joins PowerShares
Invesco PowerShares recently named Thomas Centrone as senior vice president and international product development manager.
Centrone has joined Invesco PowerShares from The Bank of New York, where he was vice president of new product development and ETF product manager since 1997.
In his new position, he will be responsible for the coordination and implementation of PowerShares’ ETFs outside the U.S.
BGI’s Grancio Heads Back To U.S.
Jennifer Grancio, previously head of sales and marketing for iShares in Europe, has returned to San Francisco, where she will head up a distribution strategy team for the U.S. She reports to Mike Latham, the regional head of iShares in the Americas.
Her previous responsibilities will be divided between iShares’ head of European sales, Andrea Morresi, and head of European marketing, Rick Andrews.
Fraenkel Hired As CIO At Clear Asset Management
Asset manager Clear Asset Management, parent company of Clear Indexes, hired Fred Fraenkel, a former head of global research at Lehman Brothers, as its chief investment officer, starting June 1.
Fraenkel became chairman of Clear Asset Management’s board of directors in early 2007. He is also chairman and founder of Millennium 3 Capital, a venture firm specializing in early-stage companies. Prior to founding Millennium 3 Capital in 2000, Fraenkel was vice chairman of ING Barings Furman Selz and chief operating officer of Furman Selz.
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