He replaces Erik Liik as FocusShares CEO.
“A FocusShares spokesman confirmed the change, and said that the investment management of the company’s funds would remain in place. The spokesman further clarified that Liik no longer works for FocusShares,” according to the Mutual Fund Wire report.
The line of 15 FocusShares ETFs is based on benchmarks designed by investment researcher Morningstar. [FocusShares Celebrates One-Year ETF Anniversary]
Story updated to correct name of former FocusShares CEO.