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Horizons ETFs Management (USA) appoints head of capital markets

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Horizons ETFs Management (USA), a subsidiary of Seoul, Korea based Mirae Asset Global Investments Co (MAGI), has appointed Joe Cunningham as Executive Vice President and Head of Capital Markets for Horizons USA.

Cunningham is an investment industry executive with nearly two decades of experience in product and business development, strategic relationships management and the implementation of trading models for global equities and derivatives markets. Previously, Cunningham served as Director of Institutional ETF Order Flow and National Account Manager at ProShares. Prior to that, he was Vice President of Louis Capital Markets, where he helped to successfully launch the firm’s Algorithmic Trading platform.

Horizons USA, through Exchange Traded Concepts, LLC, has filed a registration statement with the Securities and Exchange Commission to issue three covered call ETFs on the New York Stock Exchange.

The Horizons-branded Covered Call ETFs seek investment results that, before fees and expenses, generally correspond to the performance of the underlying S&P Indices.*

Cunningham will oversee all market-making and capital-market trading relationships for Horizons USA, and assist with institutional distribution.

“We’re really excited to bring Joe onto the team. His depth of experience in working closely with market makers and institutional investors will provide significant advantages in helping to bring these innovative, covered call ETFs to investors in the United States,” says Howard Atkinson, Managing Director of Horizons ETFs Management (USA) LLC and the global head of Sales and Marketing for MAGI’s ETF business.

“We are very pleased to welcome Joe as a member of Horizons USA, which marks the continued expansion of our global ETF franchise that now covers five markets around the world. MAGI continues to diversify its product offerings and geographies in our commitment to provide our investors and clients with tailored investment solutions to fit their needs for growth opportunities,” says Taeyong Lee, President of the Global Business Unit of MAGI.

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