Movements at Global X ETFs following the departure of Luis Berruga

In the wake of Luis Berruga's resignation from his role as CEO of Global X ETFs three weeks prior, notable shifts have transpired within the upper echelons of the firm's leadership. In the aftermath of former COO John Belanger's departure, Global X has initiated the appointment of new chief operating and financial officers. It is noteworthy that Belanger is parting ways with the company to pursue the subsequent stage of his professional journey, as articulated by a Global X spokesperson.

Alex Ashby steps into the role of Chief Operating Officer at Global X ETFs, bringing a rich history with the firm dating back to 2010. His most recent tenure entailed steering the product development division since January 2019.

The position of Chief Financial Officer is now filled by Ronnie Riven, previously juggling the roles of Chief Financial and Business Development Officer. Riven's portfolio of responsibilities remains consistent, as confirmed by the spokesperson. Both Ashby and Riven will directly report to Thomas Park, the newly appointed interim CEO, and will conduct their duties from the New York office.

Additionally, last week witnessed the departures of Crystal Christy, the head of human resources, and Bruno Stein, the Head of Global X ETFs for Brazil. It has also come to light that various mid-tier team members have chosen to disassociate from the firm.

Under the stewardship of Luis Berruga, Global X ETFs experienced a remarkable growth in assets, ballooning from $10.1 billion to $38.4 billion. Berruga succeeded Bruno del Ama as CEO, who originally established the firm in 2008 alongside José Carlos González, the latter subsequently co-founding Certa.