MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 4, 2012 Claymore Canada's Founder Leaves iShares BlackRock 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. Advisor.ca, Bloomberg, ETF Daily News, the Financial Post, Pensions & Investments, Reuters 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." Printed from: MFWire.com/story.asp?s=39652 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |