As part of aggressive US business expansion plans and continued growth in the U.S. physically backed Exchange Traded Product (ETP) platform (SGOL, SIVR, PPLT, PALL, AGOL, GLTR & WITE), ETFS Marketing LLC, has appointed Joe Valdman & Justin Levantino to the US Sales team.
Vice President Sales, US
Joe will be based in the New York office and will cover Wirehouses and Registered Investment Advisors in the North East region. Prior to joining ETFS, Joe was Vice President at Foreside Fund Services providing third party sales and marketing services to startup asset managers. Prior to Foreside, Joe was a member of a HNW wealth management team at Morgan Stanley. Previous to Morgan Stanley he graduated from the Paths of Achievement (POA) training program at Merrill Lynch. Joe has a Bachelor of Arts from the State University of New York Purchase College.
Vice President Sales, US
Justin will be based in Houston, Texas and will cover the South Central region for ETF Securities. Prior to joining ETFS, Justin was a Regional Vice President covering the Pacific Northwest for Invesco. In the Pacific Northwest he was responsible for cultivating relationships, building brand awareness and increasing business for Invesco. Previous to Invesco, Justin started in the industry in 2004 as a Financial Advisor with Morgan Stanley. Justin has a Bachelor of Business Administration from Sam Houston State University.
Commenting on the appointments, William Rhind, Head of Sales & Marketing, ETFS Marketing LLC:
"We are delighted to announce that Josef Valdman & Justin Levantino have joined the firm. Their experience will be invaluable as we expand ETF Securities sales coverage in two key ETP markets."
William Rhind, Josef Valdman and Justin Levantino are registered representatives of ALPS Distributors, Inc.
ALPS Distributors Inc., Foreside Financial Group LLC, Morgan Stanley, Merrill Lynch, and Invesco Ltd. are not affiliated entities.
For more information please contact the US marketing agent, ETFS Marketing on 212-918-4954 or visit our website:
The ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust, ETFS Platinum Trust, ETFS Asian Gold Trust, ETFS Precious Metals Basket Trust, and ETFS White Metals Basket Trust are not investment companies registered under the Investment Company Act of 1940 or commodity pools for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Please read the prospectus carefully before investing.
Risks and Important Considerations
The value of the Shares relates directly to the value of the gold, silver, palladium and platinum held by the Trusts and fluctuations in the price of gold, silver, palladium and platinum could materially adversely affect an investment in the Shares. Several factors may affect the price of gold, silver, palladium and platinum, including: A change in economic conditions, such as a recession, can adversely affect the price of gold, silver, palladium and platinum. Gold, silver, palladium and platinum are used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the Shares; Investors' expectations with respect to the rate of inflation; Currency exchange rates; Interest rates; Investment and trading activities of hedge funds and commodity funds; and global or regional political, economic or financial events and situations. Should there be an increase in the level of hedge activity of bullion producing companies, it could cause a decline in world prices, adversely affecting the price of the Shares. Also, should the speculative community take a negative view towards bullion, it could cause a decline in world gold, silver, palladium and platinum prices, negatively impacting the price of the Shares. There is a risk that part or all of the Trust's gold, silver, palladium and platinum could be lost, damaged or stolen. Failure by the Custodian or Sub-Custodian to exercise due care in the safekeeping of the precious metal held by the Trusts could result in a loss to the Trusts. Investments in the trusts do not constitute a direct investment in the underlying metals.