VelocityShares Names Saieh Head Of LatAm Sales

May 31 2012 | 8:27am ET

Darien, Conn.-based VelocityShares has appointed Daniel Saieh as managing director and head of Latin American sales.

Saieh, a 20-year industry veteran, spent the last 10 years at Blackrock (formerly Barclays Global Investors) where he was the director of institutional business Latin America.

Saieh’s initial focus is to expand VelocityShares’ presence in Latin America, especially with respect to VelocityShares’ affiliate, Tail Risk Strategies.

Said Steve Quinn, principal and head of distribution, in a statement: “VelocityCapital sits at the forefront of the next generation of tail risk hedging solutions. Daniel has a proven track record of building businesses, and we look forward to working with him to deliver new and innovative ideas to institutional investors in Latin America. The expansion of the team is in-line with our strategy of bringing sophisticated products to a wider range of institutional investors.”

Saieh joins two recent hires to VelocityShares’ distribution team: Daniel Aronson and Andrew Hicks. Aronson, a director, joined VelocityShares from Société Générale. He works closely with family offices in the development of portfolio management solutions. Hicks is a vice president providing quantitative analysis and support. Prior to joining VelocityShares he was an equity specialist at Deutsche Bank.

VelocityShares designs sophisticated exchange-traded products and tail-risk strategies for institutional investors, and is dedicated to providing solutions for portfolio and trading risk management.

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