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Horizons ETFs appoints co-CEOs


Horizons ETFs Management has appointed Executive Chairman Taeyong Lee and Chife Investment Officer Steven Hawkins as Co-Chief Executive Officers.

Going forward, Lee will serve as Executive Chairman and Co-CEO and Hawkins will serve as Co-CEO and Chief Investment Officer. Lee and Hawkins have also been appointed as Co-CEOs of AlphaPro Management Inc, which serves as the manager and trustee for certain of the exchange traded funds in the Horizons ETFs family.

Lee, the Global Head of ETFs for Mirae Asset Global Investments (Mirae Asset), has more than 20 years of experience in the investment industry and has spent the last 13 years working with exchange traded funds in North America and Asia. Hawkins, who has been with Horizons ETFs since 2009, and one of its predecessor companies since 2007, will oversee the day-to-day business and affairs of Horizons ETFs.

"The board of Horizons ETFs felt that the business would greatly benefit from a Co-CEO leadership structure led by Steve Hawkins and myself," says Lee. "I will be staying on as Co-CEO to leverage my role as Global Head of ETFs, which allows me to focus on strategically aligning the Canadian ETF business with Mirae's expanding global business initiatives. Steve will be heavily focused on the day-to-day operations of the Canadian ETF business. I believe this is going to be a tremendous partnership that will not only benefit Horizons ETFs, but our global ETF business."

"I am very excited by this new opportunity within Horizons ETFs. With our well established management team, product line-up and brand, Horizons ETFs is firmly positioned to continue its growth and success," says Hawkins. "I am very proud of our team's collective accomplishments and I look forward to building upon the strength of this foundation."

The rest of the current Horizons ETFs senior management team remains unchanged. Howard Atkinson, President and the Global Head of ETF Sales and Marketing, with Horizons ETFs since 2006, continues to oversee the sales and marketing strategy of Horizons ETFs while focusing on synergistic sales opportunities across Mirae Asset's global ETF platform. Kevin Beatson, with Horizons ETFs since 2009, and a predecessor company since 2004, continues in his role as Chief Operating Officer and Chief Compliance Officer, and Julie Stajan, since her appointment in early February, continues as Chief Financial Officer.

The Horizons ETFs board of directors is also pleased to announce the appointment of Thomas Park, Executive Managing Director of Mirae Asset, and a member of the Board of Directors of Horizons ETFs since 2011, as Chief Corporate Development Officer.

"We are pleased to have such a strong and experienced management team in place, which will drive Horizons ETFs forward through its next stages of development in this increasingly competitive Canadian ETF marketplace," says Lee. "This new management structure provides balance and continuity to staff and our business partners, and aligns Horizons ETFs' interests with the synergistic development of Mirae Asset's global business.

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