(Bloomberg) — Goldman Sachs announced on Tuesday that the firm’s Ryan O’Connor will join New York-based exchange-traded fund provider Global X ETFs as chief executive.
O’Connor most recently served as global head of ETF products at Goldman Sachs Asset Management, according to a press release. He also worked at State Street Global Advisors for more than ten years.
The leadership changes come after several top executives left the New York-based company in recent months. These include Global X chief investment officer Jon Maier, finance chief Ronnie Riven and human resources chief Crystal Christy. wall street journal reported earlier.
Former Global X CEO Luis Berruga resigned in November after about five years at the helm. Mirae Asset Global Investments US co-chief executive Thomas Park is leading the company on an interim basis.
According to Bloomberg Intelligence, the company is currently the 13th largest ETF issuer in the United States by asset size, with approximately $43 billion in thematic funds, including uranium funds and infrastructure development funds.
After raking in more than $14 billion in 2021, Global Global X’s funds have attracted a net $384 million so far this year.
Hyeon-Joo Park, founder and global chief strategist of Mirae Asset Financial Group, said in a press release that the company now hopes to become “the clear leader in the ETF industry.” “Now is the perfect time to bring in new leadership.”
O’Connor’s new position is effective April 8.
Mirae Asset acquired Global X in 2018.
