Horizons ETFs Management Hires BlackRock Vet Fardy

Sep 24 2013 | 10:30am ET

Horizons ETFs Management has tapped former BlackRock director Michael Fardy as executive vice president and head of sales for Horizons USA.

Fardy is an investment industry executive with nearly two decades of experience in business development and strategic relationship management. While at BlackRock, he was  responsible for expanding the presence of the iShares exchange-traded funds across the northeastern United States. Prior to that, he was a regional vice president with Dreyfus Mutual Funds and a regional marketing director with Putnam Investments.

In his new role at Horizons USA, Fardy will focus on developing retail sales channels, concentrating on registered investment advisors and national broker-dealer firms.

Horizons launched its first ETF in the U.S. market—the Horizons S&P 500(R) Covered Call ETF—on the NYSE in June of this year.

The Horizons ETFs Group consists of five companies—all subsidiaries of Mirae Asset Global Investments Co—offering regional families of ETFs in Canada, Korea, Hong Kong, Australia, and the United States. The group has approximately $7 billion in assets under management and 180 ETF listings worldwide.

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