An exchange-traded products (ETPs) shop recently crossed into ten-figure territory and added a pair of executives.

Greg King REX Shares Founder, CEO

Last week, Greg King, founder and CEO of REX Shares, confirmed that the Fairfield, Connecticut-based firm now has more than $1 billion in AUM. The five-year-old firm's AUM has risen by 1,000 percent since the beginning of 2020. The firm's offerings include its MicroSectors suite and the Osprey Funds.

The firm has also recently added two senior executives: Phil Pearlman as chief marketing officer and chief behavioral officer; and Robert Rokose as chief financial officer and chief compliance officer.

Greg King, founder and CEO of REX, puts the firm's recent AUM surge in the context of "ongoing market uncertainty," and he lauds the new hires for their "rich backgrounds and track records of success.

"REX is at an inflection point, and both Phil and Bob's expertise will help propel the firm forward so we can continue building better investment solutions for distinct areas of the market," King states. 

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