Global X Management Company LLC (Global X), a sponsor of innovative exchange traded funds (ETFs), has expanded its team with the recent appointments of Luis Berruga as Chief Operating Officer and Tom Lynch as Senior Compliance Officer.
Mr. Berruga joins Global X from Jefferies LLC, where he advised on mergers & acquisitions, capital raising, and strategic planning for financial institutions. Previously, he spent nine years at Morgan Stanley. His experience includes accounting, finance, marketing, technology, operations, training, and strategic planning.
Mr. Lynch, who joins Global X with nearly 30 years of experience within the financial services industry, served as Chief Compliance Officer for Van Eck for six years, where he was responsible for overseeing and directing the compliance functions for mutual funds, ETFs, hedge funds, broker dealer, and advisers. A CPA, Mr. Lynch previously served as Treasurer at Van Eck for two years, as well as nine years at TIAA-CREF as Second Vice President overseeing financial reporting, policy function, and internal controls for mutual funds and variable annuities.
The appointments come at a time of increased demand for Global X ETFs, which continues to be one of the fastest growing ETF issuers. Global X recently won the award for Best North American Exchange Traded Products (ETP) Provider at the fifth annual ETF Express Awards.1
“Over the past year, we have witnessed rapidly growing interest in our funds from institutional and retail investors alike, and we continue to grow our team and hone our laser-sharp focus in an effort to achieve the best results for our clients,” said Bruno del Ama, CEO of Global X Funds. “Luis and Tom each bring exciting and fresh ideas and capabilities to the table, and we cannot wait to see what kind of impact they can have for our investors.”
Commenting on the most recent award, Jose C. Gonzalez, President of Global X, said: “We are extremely proud to have won Best North American ETP Provider in the ETF Express Awards. In an increasingly crowded ETF space, we continue to add value to the investment community with innovative strategies that investors are looking for in the market.”