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Rating:A Top PowerShares Honcho Calls it a Day Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 08, 2013

A Top PowerShares Honcho Calls it a Day

News summary by MFWire's editors

And again, another ETF master exits stage left.

IndexUniverse reports that Ben Fulton, managing director of global ETFs at Invesco PowerShares, will step down from his post at the end of April, ending an eight-year tenure.

The trade pub dubs Fulton's resignation as "the end of an era in the ETF industry," noting that the founding fathers of the ETF industry have virtually all left the industry.

They include Lee Kranefuss from iShares; Gus Sauter from Vanguard; Gus Fleites from SSgA; and the former PowerShares chief executive Bruce Bond

Read more on Fulton's pending departure and what it means for the industry here

Edited by: Tommy Fernandez

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