is saying goodbye to the founder of Claymore
in Canada after buying up the ETF shop. Som Seif
is reportedly leaving BlackRock's iShares Canada unit this month.
, ETF Daily News
, the Financial Post
, Pensions & Investments
and the Toronto Globe and Mail
all reported on Seif's impending departure.
BlackRock unveiled the Claymore deal in January [see MFWire.com, 1/11/2012
], and the deal closed
on March 7. Then last week BlackRock rebranded
the Claymore ETFs in Canada as iShares.
"It is very sad to see the Claymore brand go away," Seif told the Globe and Mail
. "It's tough seeing your baby go away."
What's Seif up to next?
"I'm young. I'm 35 years old. I still have great ideas," Seif reportedly said. "I think this industry is still very inefficient."
Neil Anderson, Managing Editor
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